Det norske oljeselskap ASA, as partner in PL554, has completed drilling and testing of appraisal well 34/6-3 S on the 'Garantiana' discovery and the wildcat sidetrack well 34/6-3 A. The updated resource range in PL 554 is estimated at 40 - 90 mmboe. Extensive data analysis and studies have been launched to confirm the resource basis and to evaluate possible development scenarios.
The 34/6-3 S well is located two kilometres southwest of the discovery well 34/6-2 S which was completed in 2012. The primary objective of 34/6-3 S was to appraise the oil discovery in Lower Jurassic reservoir rocks (Cook formation). The secondary objective was to explore the Lower Jurassic Statfjord formation updip of the well 34/6-2 S.