Natural gas deposit is discovered in the North Sea

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A natural gas deposit has been discovered in a part of the North Sea where no reserves have ever been expected to be found, Oilprice.com informs citing Norway’s energy regulator, the Norwegian Petroleum Directorate.

According to the NPD data, the subsidiary of the French Major Total has discovered the deposits while wildcat drilling in the northeast part of the Martin Linge field. Initial estimates and tests showed that the well may contain 388 million barrels of oil equivalent and produce about 2.4 million cubic meters per day. The development plan for the Martin Linge field was approved by the Norwegian government in 2012.

According to the NPD “Extensive data acquisition and sampling have been carried out. The well was formation-tested. The maximum production rate was 2.4 million standard cubic metres (Sm3) of gas/flow day through a 48/64-inch nozzle opening.”

Norway provides most oil and gas to the European economy. The country’s estimates for production in August, according to the government, were down as compared to previous months but still better than anticipated.