OMV (Norge) AS, operator of PL 1194, completes drilling in the Norwegian Sea for the “Haydn/Monn” exploration areas. The well encountered gas with an estimated total recoverable volume of 30 to 140 million barrels of oil equivalent (boe).

“By focusing on gas as a transition fuel, OMV is investing in affordable energy solutions and contributing to a more sustainable energy mix. Our goal is to increase the share of gas in our production portfolio to 60% by 2030. A commercial discovery will further drive our diversification while adding value to our portfolio in Norway. Ultimately, today’s news further cements our position as a reliable gas supplier in Europe,” said Berislav Gašo, Executive Vice President Energy at OMV.

The deepwater well in the Norwegian Sea is located 300 kilometers west of mainland Norway at a water depth of 1,064 kilometers. The gas discovery is located about 65 kilometers from the existing infrastructure of the Polarled pipeline and the Aasta Hansteen field.

The license partners in PL1194 will further evaluate the discovery for potential gas field development down to nearby infrastructure. Utilizing existing infrastructure, a subsea development down to Aasta Hansteen’s host platform will result in faster planning and implementation with lower development costs and a lower carbon footprint.

“This discovery could unlock significant potential in the region and extend the life of the Aasta Hansteen gas hub, in which OMV is already involved,” added Berislav Gašo.

The deepwater well “Haydn/Monn” was drilled with excellent performance in terms of health, safety and environmental protection from the Transocean Norge drilling rig, a converted and certified low-emission drilling rig. OMV (Norge) AS is the operator of PL 1194 with a 40% share. Partners are Vår Energi ASA (30%) and Inpex Idemitsu Norge AS (30%).