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No Obesum oil

The "Obesum" field

The expectations were high when the Obesum oil field in the Barents Sea was discovered last winter. However, recent test drillings show that the well is too small to be developed.

Location

The operator of Obesum, StatoilHydro, has recently ended drilling at an appraisal well in the Obesum and the results of this drilling are very disappointing, according to NRK.

The Norwegian Petroleum Directorate writes on their web pages that neither the oil well nor the gas well are large enough to be commercially interesting.

The Obesum oil field, which was discovered last winter, is situated 175 kilometres off the coast of Finnmark. Many believed this well to be the one with the highest development potential in the Barents Sea.