ConocoPhillips Discovers Gas Site Off Norwegian Coast
November 11 2020 - 9:14AM
Dow Jones News
By Matt Grossman
ConocoPhillips Wednesday reported a new gas condensate discovery
at a well drilled in the Norwegian Sea.
A discovery well, drilled to a total depth of 16,355 feet under
1,312 feet of water, found a reservoir that could produce between
50 million and 190 million barrels of recoverable oil equivalent,
ConocoPhillips said. The Houston-based energy company owns a 65%
working interest in the operating license through ConocoPhillips
Skandinavia AS, while PGNiG Upstream Norway AS holds a 35% working
interest.
The well is 22 miles northwest of the Heidrun Field and 150
miles from the Norwegian coast. ConocoPhillips said the site will
be appraised to determine development plans.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
November 11, 2020 08:59 ET (13:59 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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