US supermajor, ConocoPhillips, has announced a new significant gas condensate discovery in Norway, according to a press release.

After an initial survey, the gas discovery well is predicted to hold between 50 and 190 million barrels (mmbbl) of recoverable oil equivalent, located 22 miles northwest of the Heidrun Field and 150 miles from the coast of Norway in the Norwegian Sea.

Matt Fox, CEO of ConocoPhillips, said, “this discovery, potentially the largest on the Norwegian Continental shelf this year, bolsters our position in the Norwegian Sea and the Heidrun area. The Warka discovery and potential future opportunities represent a very low cost of supply resource additions that can extend our multi-decade success on the Norwegian Continental Shelf.”

The discovery well, 6507/4-1 (Warka), was drilled in 1,312 feet of water to a total depth of 16,355 feet. After completion of this well, exploration well 6507/5-10 S will be tackled in production license 891, which is located 14 miles north-northeast of the Heidrun Field. 

ConocoPhillips Skandinavia AS is the main operator of the license with 65% working interest. PGNiG Upstream Norway holds 35% working interest.