Statoil, Partners Discover Gas in Iskrystall Prospect in Barents Sea

Statoil, Eni Norge and Petoro made a gas discovery in the Iskrystall prospect in the Barents Sea while looking for oil. 

“Our main goal was to find oil in Iskrystall, but unfortunately it did not materialize. We still believe we can prove more oil resources in the Johan Castberg area,” said Gro Haatvedt, senior vice president exploration Norway, in a note released on Monday.  

Statoil estimates the volumes in Iskrystall to be between 6 and 25 million barrels of oil equivalents. The well has proved an approximately 200 metre gas column. 

Statoil is operator for production licence 608 with an ownership share of 50%. The licence partners are Eni Norge (30%) and Petoro (20%).