# Norway's Statoil plays down risks ahead of Arctic drilling **URL:** \ **Category:** Offshore\ **Created:** [April 25, 2017, 6:39am UTC](https://forum.gcaptain.com/t/norways-statoil-plays-down-risks-ahead-of-arctic-drilling/44769 "2017-04-25T06:39:27Z")\ **Posts on this page:** 7\ **Page:** 1
**Author:** ![Drill\_Bill](https://avatars.discourse-cdn.com/v4/letter/d/0ea827/32.png) [@Drill\_Bill](https://forum.gcaptain.com/u/Drill_Bill)\ **Post date:** [April 25, 2017, 6:39am UTC](https://forum.gcaptain.com/t/norways-statoil-plays-down-risks-ahead-of-arctic-drilling/44769/1 "2017-04-25T06:39:27Z")
With no proper Arctic drilling ventures in sight in the US, this ambitious series of exploration drilling off Norway this summer is the next exciting thing to keep an eye on. Fingers crossed they stay away from any mishaps. [http://gcaptain.com/116452-2/](http://gcaptain.com/116452-2/) ---
**Author:** ![ombugge](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.gcaptain.com/ombugge/32/11217_2.png) [@ombugge](https://forum.gcaptain.com/u/ombugge)\ **Post date:** [April 25, 2017, 9:20pm UTC](https://forum.gcaptain.com/t/norways-statoil-plays-down-risks-ahead-of-arctic-drilling/44769/2 "2017-04-25T21:20:30Z")
The estimate for oil & gas in the Barents Sea has just been doubled: [https://thebarentsobserver.com/en/industry-and-energy/2017/04/norway-doubles-arctic-oil-estimates](https://thebarentsobserver.com/en/industry-and-energy/2017/04/norway-doubles-arctic-oil-estimates) But it is not all trouble free: [https://thebarentsobserver.com/en/industry-and-energy/2017/04/barents-oil-production-more-troublesome-expected](https://thebarentsobserver.com/en/industry-and-energy/2017/04/barents-oil-production-more-troublesome-expected) ---
**Author:** ![Drill\_Bill](https://avatars.discourse-cdn.com/v4/letter/d/0ea827/32.png) [@Drill\_Bill](https://forum.gcaptain.com/u/Drill_Bill)\ **Post date:** [April 25, 2017, 9:59pm UTC](https://forum.gcaptain.com/t/norways-statoil-plays-down-risks-ahead-of-arctic-drilling/44769/3 "2017-04-25T21:59:23Z")
> [@ombugge](#): > > But it is not all trouble free: [Barents oil production «more troublesome than expected» | The Independent Barents Observer](https://thebarentsobserver.com/en/industry-and-energy/2017/04/barents-oil-production-more-troublesome-expected) Yup, big headaches for PSA ever since the Goliat platform was delivered off Norway. Also tremendously overspend. ---
**Author:** ![ombugge](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.gcaptain.com/ombugge/32/11217_2.png) [@ombugge](https://forum.gcaptain.com/u/ombugge)\ **Post date:** [April 27, 2017, 1:28pm UTC](https://forum.gcaptain.com/t/norways-statoil-plays-down-risks-ahead-of-arctic-drilling/44769/4 "2017-04-27T13:28:58Z")
Not only Statoil is active in the Barents Sea: [http://sysla.no/offshore/torsdag-barentshavet-er-mer-spennende-enn-noen-gang/](http://sysla.no/offshore/torsdag-barentshavet-er-mer-spennende-enn-noen-gang/) ---
**Author:** ![Drill\_Bill](https://avatars.discourse-cdn.com/v4/letter/d/0ea827/32.png) [@Drill\_Bill](https://forum.gcaptain.com/u/Drill_Bill)\ **Post date:** [April 28, 2017, 7:04am UTC](https://forum.gcaptain.com/t/norways-statoil-plays-down-risks-ahead-of-arctic-drilling/44769/5 "2017-04-28T07:04:34Z")
surely not. But as one of their prospects is the most north(east) one to be explored, all eyes seem to be on that. And the potential ‘prize’ it may contain. ---
**Author:** ![Drill\_Bill](https://avatars.discourse-cdn.com/v4/letter/d/0ea827/32.png) [@Drill\_Bill](https://forum.gcaptain.com/u/Drill_Bill)\ **Post date:** [May 15, 2017, 12:52pm UTC](https://forum.gcaptain.com/t/norways-statoil-plays-down-risks-ahead-of-arctic-drilling/44769/6 "2017-05-15T12:52:03Z")
bummer for Lundin > **[Lundin completes Gohta appraisal well in Barents Sea](http://www.ogj.com/articles/2017/05/lundin-completes-gohta-appraisal-well-in-barents-sea.html)** > > Lundin Norway AS, a wholly owned unit of Lundin Petroleum AB, Stockholm, has completed drilling its Gohta appraisal well 7120/1-5 in PL492 in the southern Barents Sea. ---
**Author:** ![ombugge](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.gcaptain.com/ombugge/32/11217_2.png) [@ombugge](https://forum.gcaptain.com/u/ombugge)\ **Post date:** [May 15, 2017, 3:59pm UTC](https://forum.gcaptain.com/t/norways-statoil-plays-down-risks-ahead-of-arctic-drilling/44769/7 "2017-05-15T15:59:48Z")
Yes you don’t win them all. It took many years and many dry holes before they figured out the geology in that part of the Barents Sea. This was an appraisal well, not a wildcat, though.