Vaar Energi makes small oil, gas find in North Sea
COPENHAGEN, June 27 (Reuters) - Norway's Vaar Energi has made a small discovery of oil and gas just north of the Duva field in the North Sea, the Norwegian Offshore Directorate said on Thursday.
Preliminary estimates indicated a discovery of between 3.9 million and 6.2 million standard cubic metres of recoverable oil equivalent, corresponding to between 18 million and 39 million barrels of oil equivalent, the directorate said.
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The discovery in the Cerisa exploration well is located 17 kilometres northeast of the Vaar Energi operated Gjoea platform and five kilometres from the Duva subsea template, Vaar said.
"The results from Vaar Energi's exploration activity are important for area development, and could also have an impact on the lifetime of the Gjoea facility," the company said in a statement.
Vaar Energi is the operator of the Duva field and owns 30% of the licence while INPEX Idemitsu 1605.T holds 30%, PGNiG Upstream 30% and Sval Energi holds the remaining 10%.
The licensees are considering tying the discovery back to existing infrastructure nearby, the Norwegian Offshore Directorate said.
(Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik)