Offshore Field Development Projects
Roald Rygg Roald
Operator:Statoil
Water Depth:1,289 m / 4,254 ft
Region:Europe - North Sea
Country:Norway
Last Updated:Apr 13, 2015    (view update history)
Project Description
The Roald Rygg prospect is located in the Norwegian Sea in license PL602. The Transocean Barents (UDW semisub) is scheduled to drill the well near the end of 1Q2015.

Well 6706/12-3 proved a 125 foot gas column in the Nise Formation with very good reservoir quality. Statoil estimates the volumes in Roald Rygg to be in the range of 12 - 44 million barrels of recovereable oil equivalent.

Forward-looking plans call for the well to be evaluated for future tie-in to the Aasta Hansteen infrastructure.
The Roald Rygg prospect is located in the Norwegian Sea in license PL602. The Transocean Barents (UDW semisub) is scheduled to drill the well near the end of 1Q2015.

Well 6706/12-3 proved a 125 foot gas column in the Nise Formation with very good reservoir quality. Statoil estimates the volumes in Roald Rygg to be in the range of 12 - 44 million barrels of recovereable oil equivalent.

Forward-looking plans call for the well to be evaluated for future tie-in to the Aasta Hansteen infrastructure.
Activities
Status Updates
Statoil Makes Gas Discovery at Roald Rygg
Type: New Discovery

Apr. 2015 - Statoil's two-well exploration program in PL602 ended on a positive note with a discovery at their Roald Rygg prospect. Further evaluation will now take place for the potential tie-in to the Aasta Hansteen infrastructure. Estimated volumes in Roald Rygg are in the range of 12 - 44 million barrels of recoverable oil equivalent. Well 6706/12-3 is located less than 4 miles west of the Snefrid Nord discovery and was drilled by the Transocean Spitsbergen (UDW semisub). Partners in PL602 are Statoil as operator with 42.5%, Petoro AS with 20%, Centrica Resources Norge with 20%, Wintershall Norge with 10% and Atlantic Petroleum Norge with 7.5%.

PL602 Participants Shuffle Interests and Announce Drilling Decision
Type: Acreage Acquisition

Feb. 2015 - Atlantic Petroleum entered into a farm-down agreement with Statoil regarding its position in Norwegian Sea license PL602. Atlantic Petroleum entered the license in December 2014 after acquiring Ithaca Energy's 10% share. Under the recent farm-down, Statoil, the license operator, will increase its position in the license by acquiring 2.5% interest from Atlantic Petroleum for a post-tax consideration and an option to gain entry into 3 other licenses. Additionally, Statoil entered into a Sale and Purchase Agreement (SPA) to buy Rocksource ASA's 10% interest in the license. Both agreements are subject to customary approvals. Once completed, the PL602 participants will include Statoil (42.5%), Centrica (20%), Petoro (20%), Wintershall (10%) and Atlantic Petroleum (7.5%). The current partnership has elected to drill an exploratory well in the license that will target the Roald Rygg prospect. The well is expected to be drilled by the Transocean Barents (UDW semisub) mid-2015.

Roald Rygg
Discovery (Drilled) - Apr 2015 to -

Exploratory Drilling - Mar 2015 to Apr 2015

Bright Spot - 2014 to Mar 2015

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 Status Updated Apr 13, 2015 956
Field Status Added Apr 13, 2015 956
Activity Added Apr 13, 2015 956
Project Description Updated Apr 13, 2015 956
Field Updated Apr 13, 2015 956
Field Updated Feb 24, 2015 1004
Activity Added Feb 24, 2015 1004
Field Updated Feb 23, 2015 1005
Field Added Dec 23, 2014 1067
Field Status Added Dec 23, 2014 1067
Project Description Added Dec 23, 2014 1067

    Project Update History Search - View all the lastest updates made by the SubseaIQ team.
 
 
 
Field Name Roald Rygg
Discovery Date Apr 2015
Block PL602: 6706/12
Reserve Type Gas
Current Status Discovery (Drilled)
Production Start
Water Depth 1,289 m / 4,254 ft