Neptune Energy and its licence partners have announced a new discovery at the Calypso exploration well (PL938) in the Norwegian Sea. Preliminary estimates are 1-3.5 million standard cubic meters of recoverable oil equivalents, corresponding to 6-22 million barrels of oil equivalent The Calypso discovery is located within one of Neptune’s core areas, 14 kilometres north-west of the Draugen field and 22 kilometres north-east of the Njord A platform. Well 6407/8-8S was drilled to a vertical depth of 3,496 metres and encountered an estimated 8 metre thick gas column and 30-metre thick oil column in a 131 metre thick Garn Formation sandstone reservoir, of good to very good quality. Calypso was drilled by the Deepsea Yantai, a semi-submersible rig owned by CIMC and operated by Odfjell Drilling. Partners: Neptune Energy (operator, 30%), OKEA ASA (30%), Pandion Energy AS (20%) and Vår Energi ASA (20%) Calypso is Neptune Energy’s third discovery in six months on the Norwegian Continental Shelf.