The well, designated 7324/8-4 (Hassel), is the second exploration effort in production licence 1170. Credit: James Jones Jr/Shutterstock.

Aker BP and its partners have announced a new gas discovery in an exploration well in the Barents Sea, roughly 300km off Norway’s northern coastline.  

Preliminary estimates suggest the find could yield 0.5–0.7mcm of oil equivalent, translating to 3.23–4.42 million barrels of oil equivalent. 

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The consortium will now evaluate the discovery in conjunction with other finds and prospects in the vicinity to consider future development opportunities.  

The well, designated 7324/8-4 (Hassel), is the second exploration effort in production licence 1170 following the initial successful gas discovery at well 7324/6-2.  

Both wells were drilled using the Scarabeo 8 rig. 

The aim of the Hassel well was to confirm the presence of hydrocarbons in reservoir rocks dating from the Middle Jurassic to the Upper Triassic, specifically within the Stø and Fruholmen formations.  

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The well encountered a 30m reservoir zone, which included an 11m gas column, with 8m of high-quality sandstone reservoir. 

At a depth of 686m below sea level, the gas-water interface was identified.  

While the well was not subjected to a formation test, comprehensive data collection and sampling have been undertaken. 

The Hassel well reached a vertical depth of 781m below sea level and concluded in the Snadd Formation of the Upper Triassic.  

The site’s water depth is 401m and the well is earmarked for permanent closure. 

Ownership of production licence 1170 is divided among Aker BP with a 35% stake, Equinor also holding 35%, Petoro with 20% and Inpex Idemitsu Norge holding a 10% interest.  

This licence was secured during the Awards in Predefined Areas in 2022. 

In another development, Aker BP, Equinor and Sval Energy commenced production at the Hanz field in the Norwegian North Sea in April 2024.