The objective of the well was to prove petroleum in a stratigraphic trap in Early Cretaceous reservoir rocks (Agat formation).
The same prospect was tested by Norsk Hydro in 2002 with well 36/7-3 but the well was reported dry. Later work by Engie and partners led them to believe that 36/7-3 has a few meters of oil pay in the very top of the Agat formation and therefore just missed a larger column up-flank of the location (i.e. a prime example of “missed pay”). Hence, 36/7-4 Cara was drilled successfully up-flank and proved oil and gas very in such quantities that the discovery is likely to be commercial.
It is most likely a “play opening well” as it has proven that Cretaceous sandstones can make up commercial targets.
Link to press release
Exploration Innovation Prize
“The Exploration Innovation Prize will be awarded to a license group, company, team or individual who during the last two years have given a courageous and innovative contribution in exploring for oil and gas on the NCS. The recipient has matured and drilled a prospect that can be defined as high risk and high potential. The prospect must have been drilled, but can be classified as dry, technical discovery or commercial discovery”.
The Programme Committee for the conference NCS Exploration – Recent Discoveries has selected ten worthy candidates amongst wells that were drilled in 2016 or 2017.
“A true wildcat, with very limited well control, but a valid geological concept …
The candidates are (in alphabetical order): Boné (Eni), Brasse (Faroe), Cara (Engie), Filicudi (Lundin), Kayak (Statoil), Koigen Central (Statoil), Korpfjell(Statoil), Salander (Statoil), Zumba (Tullow) and Ørnen (Lundin).
The exploration community is now – until April 2nd, encouraged to vote for their favourite candidate, upon which the programme committee will select three candidates for a final vote.
“The well was drilled successfully up-flank and proved oil and gas that are very likely to be a commercial discovery
The winner of the Exploration Innovation Prize will be announced during the conference dinner May 23.