Equinor spudded an exploration well on its Skruis prospect in PL 532 on 27 September 2018 using the âSonga Enablerâ S/S. 7220/5-3 is located east of Kramsno and north of Nunatak. The well was drilled to TD at 1,782 m in the Upper Triassic Fruholmen Formation and has made a new oil discovery with estimated recoverable reserves of 12-25 MMbo. A 35 m oil column (30 m sandstone) was proven in the Jurassic Sto Formation with an OWC at 1,415 m subsea. There was a further 30 m of water-wet sandstone in the Sto Formation and a 110 m water-wet sandstone in the Lower Jurassic Nordmela Formation. It is likely that the find will be developed as a tie-in to Johan Castberg. On 29 October 2018 the well was being abandoned.   Kramsno well 7220/4-1 (also in PL 532) proved a 130 m gross gas column in the Jurassic Sto and Nordmela formations (with poorer than expected reservoir quality) and a 45 m gross gas column was present in the Snadd Formation. Initial recoverable reserve estimates for the discovery ranged from 70 to 140 Bcf. The well was drilled between December 2013 and February 2014.     Nunatak was also drilled in 2013 in PL 532 (as part of the same drilling campaign as Kramsno). The Cretaceous Knurr Formation target was gas-bearing but the reservoir is of poor quality and the discovery was deemed non-commercial.    The PDO for Johan Castberg (in PL 532) was approved on 28 June 2018. The development contains recoverable reserves of 450-650 MMboe and first oil is expected in Q4 2022. The three fields involved in the project â Skrugard, Havis and Drivis â will be developed using an FPSO, 10 subsea templates, two satellite structures and 30 wells, with oil exported by shuttle tanker (Equinor, together with other companies operating in the area, is still investigating the future profitability of an oil terminal at Veidnes). CAPEX is estimated at NOK 47.2 billion (USD 5.79 billion) and the break-even price is around USD 31 per barrel. Johan Castberg is forecast to produce for at least 30 years. Â   Interest in PL 532 is held by Equinor Energy AS (50% + operator), Eni Norge AS (30%) and Petoro AS (20%).
Norway (Bjornoyrenna Fault Complex (Barents Sea Platform)) Johan Castberg