Statoil's Juv North Sea Prospect Comes Up Dry
News: Norwegian state-run energy firm Statoil has failed to encounter commercial volumes of oil or gas with its 35/11-16S well at the Juv prospect in the Norwegian North Sea, according to the Norwegian Petroleum Directorate. The well, in water depths of 367 metres (m), was drilled to a total depth of 3,211m below sea level using the Songa Trym mid-water semisubmersible rig. The well encountered 'only traces of petroleum' in a targeted Upper Jurassic reservoir at a prospect located in adjacent production licence 090B. Consequently, the well has been classified as dry and will be permanently plugged and abandoned.