Statoil has together with PL532 partners made a gas discovery in the Kramsnø prospect in the Barents Sea. The exploration program around the Johan Castberg field has been vital in providing area knowledge, but so far not delivered expected oil volumes.
In 2011-2012 Statoil made a breakthrough in the Barents Sea with two high impact oil discoveries Skrugard and Havis, proving a total of 400-600 million barrels of recoverable oil.
Skrugard and Havis opened a new petroleum province in the Barents Sea and created a basis for the Johan Castberg field development project.
In 2013 Statoil launched a targeted exploration campaign around the Johan Castberg field in order to clarify additional oil potential in the area and make the development project more robust. The exploration campaign comprises five prospects, and Kramsnø was the fourth of those.