On 25 August 2018 DEA used the âIsland Innovatorâ S/S to spud exploration well 7321/4-1. The well targeted the Graspett prospect in PL 721, located in the Fingerjupet Sub-basin to the northeast of Pingvin and northwest of Wisting. The objectives were the Jurassic Sto Formation (mapped at 1,422 m) and the Triassic Snadd Formation (expected at 1,589 m), with oil and a gas cap prognosed for both reservoirs. According to partner Aker BP Graspett had potential reserves of 32-263 MMboe. 7321/4-1 reached TD at 1,630 m in the Snadd Formation and is a dry hole. Water-wet sands were encountered in both the Sto (15 m) and Snaddd (32 m) formations and reservoir quality was poor. The well is being abandoned on 28 September 2018.  Statoilâs Pingvin well 7319/12-1 was drilled in 2014 to a TD of 1,540 m. It had shallow Cretaceous / Tertiary targets with a sand body defined by a strong amplitude anomaly. The well proved a 14 m gas column in a good quality, 30 m thick, Lower Paleocene Torsk Formation reservoir at 953 m. Recoverable reserves were estimated at 177-706 Bcfg (30-120 MMboe) which in this location is non-commercial.  OMV discovered Wisting in 2013 with exploration well 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 7324/7-3 S was drilled in 2016, targeting the Wisting Central South and Wisting Central West segments, and encountered hydrocarbons in both the Sto and Fruholmen formations. This was followed by 7324/8-3 in 2017 which also confirmed a 55 m oil column in the Sto and Fruholmen formations. As of December 2016 the NPD reports recoverable reserves of 355 MMboe but an updated reserves estimate is expected from OMV as a result of the latest well.    Interest in PL 721 is held by DEA Norge AS (40% + operator), Aker BP ASA (40%) and Wintershall Norge AS (20%).
7321/04-01 (GrÃ¥spett) (DEA op 40%, Aker BP 40%, Wintershall 20%) in PL 721 NW of Wisting, P&A target StÃ¸ + Snadd fmâs both found dry. WD=499m, TD=1600m.