Statoil finds oil at Harpoon

Ashley Fitzpatrick
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No estimates yet on how much might be available in area

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Husky Energy has a 35 per cent interest in Harpoon, but Statoil is the operator, with a 65 per cent stake.

“We will continue to build this area as a core exploration region for Statoil,” said Finnstrom.

The semi-submersible drill rig West Aquarius was used for the exploration well that led to the Harpoon discovery. The well was drilled in 1,100 metres of water.

Statoil has plans for three exploration wells in 2013. It is now working on its Federation prospect in the Jeanne d’Arc Basin, near producing offshore operations like Hibernia and Terra Nova.

The company plans to return to the Flemish Pass to drill the Bay du Nord prospect, southwest of Harpoon and Mizzen, later this year.

Finnstrom, meanwhile, is scheduled to address Noia conference attendees at a close-out luncheon on Thursday.

Organizations: Statoil, Husky Energy, Hibernia

Geographic location: Canada, North America, Terra Nova

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Recent comments

  • Tom Bayne
    June 19, 2013 - 11:08

    another Oil discovery

  • Christopher Chafe
    June 19, 2013 - 09:41

    This is great news, not only for the longevity of our new born oil industry here, but it brings light to the fact that we have an under utilized industry right under our toes. Dunderdale now is not the time to gloat and take self praise, now is THE time to forge a new Map for the Province of Newfoundland and Labrador. Now is the time to ensure that our future will indeed be so bright and prosperous that we will finally be the province we should be. Now is the time to to begin diversification of our economy. Now is the time to start to entice and attract some of the biggest companies in other industries here to the province (Information Technology, Research and Development, Production). Most importantly NOW IS THE TIME to ensure that every Newfoundland and Labradorian who were forced to move to the mainland for work, will have the option to move back home to work and keep their lifestyle intact.