The Norwegian oil and gas company in early April this year announced that it had made a major discovery at the Skrugard field. The structure has recoverable reserves of at least 250 million barrels of oil equivalents.
The appraisal will be drilled in a water depth of 388 metres at a location about 200 kilometres from shore, with an estimated duration of 49 days, Upstreamonline reports.
Skrugard was found in a relatively unexplored area about 110 kilometers north of the Snøhvit gas field and has been hailed as a breakthrough discovery in the frontier Arctic play.
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However, it poses potential development challenges due to the long distance from shore and lack of available export infrastructure in the remote region.
