OMV confirmed on 14 January 2019 that the estimated recoverable volumes at Wisting in PL 537 have increased from 350 MMbo (reported in 2017) to 440 MMbo. The increase follows the results from the latest appraisal well, 7324/8-3, drilled in 2017 coupled with an increased understanding of the subsurface following the utilisation of Controlled Source Electro Magnetic (CSEM) with traditional seismic techniques. The company plans to develop the field using an FPSO with a subsea production system consisting of 34 wells in total (19 producers and 15 water injectors). The company is currently maturing two FPSO concepts â a circular and a ship-shaped hull. Final concept selection is expected in 2020.  The Wisting Central discovery was made in 2013 by 7324/8-1 which proved a 50 - 60 m oil column in the Jurassic Realgrunnen Group. This was the first oil discovery in the Hoop area of the Barents Sea and confirmed a new play. Appraisal well 7324/8-3 was spudded on 16 August 2017. The well encountered a 55 m oil column in the Middle Jurassic to Upper Triassic Sto and Fruholmen formations. A water injection test was performed in the Sto Formation, indicating good water injection properties.   Interest in PL 537 is divided between OMV (Norge) AS (25% + operator), Equinor Energy AS (35%), Idemitsu Petroleum Norge AS (20%) and Petoro AS (20%).
OMV (25% op, Equinor 35%, Petoro 20%, Idemitsu 20%) confirmed that the estimated recoverable volumes at Wisting in PL 537 have increased from 350 MMbo (reported in 2017) to 440 MMbo. The increase follows the results from the latest appraisal well, 7324/08-03, drilled in 2017 coupled with an increased understanding of the subsurface following the utilisation of Controlled Source Electro Magnetic (CSEM) with traditional seismic techniques.