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ENERGY TECH
GDF Suez lauds North Sea oil, gas gains
by Daniel J. Graeber
Paris (UPI) Apr 10, 2013


Norway confirms sizable oil, gas discovery
Stavanger, Norway (UPI) Apr 10, 2013 - The Norwegian Petroleum Directorate said Thursday at least 37 million barrels of oil and 2 million square feet of gas may be in the offshore Njord field.

NPD released data from operator VNG Norge AS from drilling operations in wildcat well 6406/12-3 S in the Njord field in the Norwegian Sea. A wildcat well is one positioned in a region not known previously to contain oil and natural gas reserves.

The regulator said the operator encountered a hydrocarbon column measuring a net 740 feet. Its preliminary estimate of the size of the discovery was at least 37 million barrels of oil and 2 million square feet of natural gas.

The operating company said the results from the Njord field well were greater than expected.

"Preliminary results from the well are very promising, and the area will therefore now be seen with fresh eyes," Atle Sonesen, the company's managing director, said Thursday. "The potential in and outside the license [area] can be large."

NPD said the rig at the site, Transocean Arctic, was preparing to drill an appraisal well to reduce uncertainty in the resource estimate.

Developments in the British and Dutch waters of the North Sea are essential for production gains for GDF Suez, its executive vice president said.

The French energy company said it successfully launched three new oil and natural gas fields -- Orca, Amstel and Juliet -- in British and Dutch waters in recent months.

Jean-Marie Dauger, executive vice president of GDF Suez, said the developments have led to a significant increase in the company's production portfolio.

"Through these investments, the group demonstrates an ability to deliver successful exploration and production projects in the North Sea, which is essential for further development in growth areas," he said in a statement Wednesday.

Combined with Norwegian assets expected online later this year, the French company said the North Sea projects should add another 46 million barrels of oil equivalent to its portfolio this year.

Orca, which straddles the British and Dutch maritime borders, should reach a production plateau of 7,000 barrels of oil equivalent per day for GDF Suez this year.

Amstel, off the Dutch coast, is expected to produce at a plateau of 15,000 barrels of oil per day.

Juliet, located off the British coast, is producing at its peak of approximately 14,000 barrels of oil equivalent per day

In 2013, GDF Suez said it produced 799 million barrels of oil equivalent in total.

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