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Statoil confirms connection between Aldous and Avaldsnes oil fields; possibly one of 10 largest oil finds ever on the Norwegian Continental Shelf

August 16, 2011

Statoil
Statoil says the Aldous and Avaldsnes combined potential may represent the largest NCS discovery since the mid 1980s. Click to enlarge.

Statoil has confirmed communication between the Aldous and Avaldsnes oil discoveries in the North Sea. (Earlier post.) In combination these discoveries may represent an oil structure of between 500 million and 1.2 billion barrels of recoverable oil equivalent.

If the upper part of the interval strikes pay dirt, the discovery will be one of the ten largest oil finds ever on the Norwegian Continental Shelf (NCS). Statoil has a 40% stake both in licence PL 265, where Aldous was discovered, and in PL 501, where the Avaldsnes discovery was made. The discovery area is about 140 km west of Stavanger, Norway, in a water depth of 112 meters. Reservoir depth is about 1,900 meters.

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