Italy's Economic Diplomacy 12 July: latest news from the world
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Italy's Economic Diplomacy 12 July: latest news from the world

Date:

07/12/2017


Italy's Economic Diplomacy 12 July: latest news from the world

Norway: Eni makes new oil discovery at Kayak well in the Barents Sea
Statoil and its partners Eni and Petoro (a SOE which manages gas and oil drilling and production licenses in Norway) have announced the discovery of new oil deposits via a well in the Kayak prospect of the Barents Sea. The well is located approx. 226 kilometres north-west of the town of Hammerfest and 23 kilometres south-west of the Johan Castberg oil field.Eni has estimated that the size of the new discovery should be in the range of 25-50 million barrels of oil recoverable equivalents, although a more in-depth evaluation is required to understand the full recoverable potential of these reserves.The discovery, which has been made possible thanks to the "Songa Enabler" semi-submersible drilling rig, was made in an area of the continental shelf located 2,500 metres below sea level, in a spot in which the water is 336 metres deep.


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