New oil discovery of Vår Energi in the Barents Sea

Norwegian oil and gas exploration and production company Vår Energi has made a discovery of oil and gas in the Rødhette exploration well in the Goliat area in the Southern Barents Sea. The well was drilled 30 km north of the Goliat field and 5 km south from the Tornerose discovery.
The exploration well proved successful with the latest preliminary estimates. Torger Rød, Vår Energi CEO has stated that the discovery is significant for the area. “With the Rødhette result, Vår Energi celebrates a sixth exploration discovery this year, as the exploration team continue a successful
2021 campaign. The licensees will now assess the discovery, as well as maturing other targets in the license and the surrounding area in order to add resources for a future tie-back to Goliat.” Rødhette was drilled in PL 901 by Scarabeo 8. The well encountered an oil & gas column of about 28 meters in the Realgrunnen subgroup within good to moderate reservoir sandstones (1882 meters below sea level). Preliminary estimates by the operator place the size of the discovery between 9 and 12 mmboe recoverable (gross). Vår Energi is the largest independent operator on the Norwegian continental shelf with ownership in more than 136 licenses and oil and gas production from 35 fields. Vår Energi is owned by Eni (69,85%) and HitecVision (30,15%).