Spirit Energy Lifts Lower Resource Estimate For Norway Gas Field

Spirit Energy has sharply hiked the lower resource estimate for its Fogelberg gas discovery in the Norwegian Sea after recent appraisal drilling, the company said June 29, and aims to start production from the field in 2022.

Updated calculations now show a resource estimate of between 40 million and 90 million barrels of recoverable oil equivalents (MMboe) of gas and condensate, while the previous projection was for 23 million to 94 million barrels.

“This drilling has considerably lifted the floor of the resource estimate, thus reducing the risk and yielding a more robust project,” said Dag Omre, head of Spirit Energy’s Norwegian subsidiary.