Statoil to drill Skrugard in January, 2012

Located about 230 km’s north of Norway and believed to contain approx. 250 million barrels of recoverable oil equivalent, Statoil’s Skrugard field is under the radar.  Specifically, appraisal drilling will begin on the field in late January.  Statoil holds an operating interest in the field of 50 percent, with Eni and Petoro holding 30 and 20 percent respectively.

Statoil seems to favour establishing a large floating production complex in the region in order to increase processing capacities and flows from other nearby prospects.  This decision, however, will be dependent on the soon-to-be-released Havis drill results.  The nearby Havis prospect (7 km from Skrugard) is being drilled by the semi-submersible Aker Barents rig.  Upon completion, late January, the rig will be mobilized in order to begin appraisal drilling at Skrugard.

All in all, there will be many challenges due to the large distance from shore, lack of available export infrastructure, and the fact that this is taking place in a relatively unexplored area.

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