Exploration forecast confirmed

30/12/2010 During 2010, 45 exploration wells were spudded, and 40 were completed.  Also, two wells have been put on hold, and it is not yet clarified whether they will be spudded before the New Year.

The number of wells concurs with the Norwegian Petroleum Directorate's forecast presented in January 2010. It was then estimated that between 40 and 50 exploration wells would be drilled by the end of the year.

Of the 45 spudded wells, 35 are wildcat wells, while the remaining ten are appraisal wells.  Thirty-two of the exploration wells were drilled in the North Sea, 12 in the Norwegian Sea and one in the Barents Sea.

Statoil Petroleum and Det norske oljeselskap have been the most active drillers, with nine exploration wells each. They were followed by Lundin Norge with five and Talisman Energy Norge with four wells. BG Norge and A/S Norske Shell have both drilled three wells, while Centrica Resources, RWE Dea Norge and Wintershall Norge have drilled two. ConocoPhillips, Eni Norge, ExxonMobil, Nexen Exploration Norge, Petro-Canada Norge and Total E&P Norge have all drilled one well each.

Of the 40 completed wells, 31 are wildcat wells and nine are appraisal wells.  In the completed wells, 16 hydrocarbons discoveries were recorded, yielding a success rate of approx. 51 per cent.

Ten of the discoveries were made in the North Sea and six in the Norwegian Sea. The spudded exploration well in the Barents Sea has not yet been completed.

An overview of this year's exploration wells can be found here on the Norwegian Petroleum Directorate's fact pages.

More information on the exploration activities and discoveries, as well as resource accounts and forecasts, will be presented at the Norwegian Petroleum Directorate's press conference regarding the Shelf in 2010, on Thursday, 13 January at 09:30 a.m.


Updated: 30/12/2010