Offshore Field Development Projects
King Lear King
Operator:Statoil
Water Depth:67 m / 221 ft
Region:Europe - North Sea
Country:Norway
Last Updated:Jul 30, 2014    (view update history)
Project Description
The King Lear prospect is located in Production License 146 in the Norwegian sector of the North Sea. Statoil wholly owns and operates the license.

The operator commenced exploratory drilling on the prospect in January 2012. The well should take about 166 days to reach total depth, and an additional 51 days if Statoil elects to sidetrack the well. The operator is using the Maersk Gallant (350’ ILC) jackup for the drilling operations.
The King Lear prospect is located in Production License 146 in the Norwegian sector of the North Sea. Statoil wholly owns and operates the license.

The operator commenced exploratory drilling on the prospect in January 2012. The well should take about 166 days to reach total depth, and an additional 51 days if Statoil elects to sidetrack the well. The operator is using the Maersk Gallant (350’ ILC) jackup for the drilling operations.
Activities
Status Updates
King Lear Not a Tragedy for Statoil
Type: New Discovery

Jul. 2012 - Drilling results confirm Statoil's earlier expectations that its King Lear prospect would be a high-impact well. Exploration well 2/4-21 drilled by the Maersk Gallant (350' ILC) in production licences 146 and 333, has proven a 48-meter gas/condensate column in the main bore 2/4-21 and an additional 70-meter gas/condensate column in the side-track 2/4-21A. Statoil estimates the total volumes in King Lear to be between 70 and 200 million barrels of recoverable oil equivalent.

Statoil Spins Bit at King Lear
Type: Drilling Operations

Jan. 2012 - Statoil has spud the King Lear prospect in the Norwegian sector of the North Sea. The well should take about 166 days to reach total depth, and an additional 51 days if Statoil elects to sidetrack the well. The operator is using the Maersk Gallant (350' ILC) jackup for the drilling operations.

PSA Grants Statoil Approval to Drill in PL 146
Type: Status Update

Jul. 2011 - Statoil received approval from Petroleum Safety Authority Norway to use the Maersk Gallant jackup to conduct exploratory drilling on well 2/4-21. Exploratory drilling will occur in PL 146/333, in the Norwegian sector of the North Sea, in a water depth of 220 feet (67 meters). Drilling should begin in August 2011 and last for about 166 days.

King Lear
Discovery (Drilled) - Jul 2012 to -

Statoil makes a significant gas and condensate discovery in southern part of Norwegian North Sea with King Lear.

Exploratory Drilling - Jan 28, 2012 to Jul 2012

The Maersk Gallant (350' ILC) has begun drilling Statoil's King Lear prospect offshore Norway.

Bright Spot - Jul 28, 2011 to Jan 27, 2012

Update History
The SubseaIQ Team works everyday to provide you with the latest information on the offshore field development market. The following table provides you with a detailed record of each addition and update made to this project by the SubseaIQ team.
UPDATE TYPE DATE DAYS AGO
Field Updated Jul 30, 2014 63
Field Updated Jul 02, 2012 821
Field Status Updated Jul 02, 2012 821
Field Status Added Jul 02, 2012 821
Activity Added Jul 02, 2012 821
Field Updated Jan 31, 2012 974
Field Status Added Jan 31, 2012 974
Field Status Updated Jan 31, 2012 974
Project Description Added Jan 31, 2012 974
Activity Added Jan 31, 2012 974
Field Added Jul 28, 2011 1161
Activity Added Jul 28, 2011 1161
Field Status Added Jul 28, 2011 1161
Field Status Updated Jul 28, 2011 1161

    Project Update History Search - View all the lastest updates made by the SubseaIQ team.
 
 
 
Field Name King Lear
Discovery Date Jul 2012
Block PL146: 2/4
Reserve Type Gas
Current Status Discovery (Drilled)
Production Start
Water Depth 67 m / 221 ft