Aker BP has achieved a groundbreaking milestone with the completion of the Øst Frigg Beta/Epsilon exploration well in the Yggdrasil area. This extraordinary feat marks the longest-ever drilling operation on the Norwegian Continental Shelf and has led to the discovery of a substantial oil reservoir.The estimated size of the discovery has exceeded expectations, now ranging between 53-90 million barrels of oil equivalent (mmboe). This volume is twice the size of the original pre-drill estimate and slightly larger than the preliminary figures announced in May.Situated in the Yggdrasil area, this discovery significantly adds to the resource base for the ongoing Yggdrasil development, which recently received approval from the Norwegian parliament (Stortinget). Production in the Yggdrasil area is scheduled to commence in 2027.The discovery is located within production licenses 873 and 442. License 873 is a partnership between Aker BP (operator, 47.7 percent interest), Equinor (40 percent interest), and PGNiG Upstream Norway (12.3 percent interest). License 442 consists of Aker BP (operator, 87.7 percent interest) and PGNiG Upstream Norway (12.3 percent interest).Record-breaking Well Behind the Yggdrasil Discovery The Øst Frigg Beta/Epsilon wildcat well reached an impressive depth of 8168 meters, setting a new record for exploration wells in Norway. As it traversed the reservoir horizontally, the value of the Yggdrasil area increased meter by meter in this extraordinary drilling endeavor.Preliminary estimations of the Øst Frigg Beta/Epsilon discovery indicate the presence of 53-90 million barrels of recoverable oil equivalents. This has contributed to an overall increase in the resource base of the Yggdrasil area, surpassing 700 million barrels.
Aker BP has achieved a groundbreaking milestone with the completion of the Øst Frigg Beta/Epsilon exploration well in the Yggdrasil area. This extraordinary feat marks the longest-ever drilling operation on the Norwegian Continental Shelf and has led to the discovery of a substantial oil reservoir.The estimated size of the discovery has exceeded expectations, now ranging between 53-90 million barrels of oil equivalent (mmboe). This volume is twice the size of the original pre-drill estimate and slightly larger than the preliminary figures announced in May.Situated in the Yggdrasil area, this discovery significantly adds to the resource base for the ongoing Yggdrasil development, which recently received approval from the Norwegian parliament (Stortinget). Production in the Yggdrasil area is scheduled to commence in 2027.The discovery is located within production licenses 873 and 442. License 873 is a partnership between Aker BP (operator, 47.7 percent interest), Equinor (40 percent interest), and PGNiG Upstream Norway (12.3 percent interest). License 442 consists of Aker BP (operator, 87.7 percent interest) and PGNiG Upstream Norway (12.3 percent interest).Record-breaking Well Behind the Yggdrasil Discovery The Øst Frigg Beta/Epsilon wildcat well reached an impressive depth of 8168 meters, setting a new record for exploration wells in Norway. As it traversed the reservoir horizontally, the value of the Yggdrasil area increased meter by meter in this extraordinary drilling endeavor.Preliminary estimations of the Øst Frigg Beta/Epsilon discovery indicate the presence of 53-90 million barrels of recoverable oil equivalents. This has contributed to an overall increase in the resource base of the Yggdrasil area, surpassing 700 million barrels.
