ATLANTIS
OVERVIEW
License:
PL 878 / PL 878B / PL878C
Blocks:
30/2, 30/3, 30/5
Source Energy:
20%
Partners:
Equinor 80% (operator)
The Atlantis gas/condensate discovery was discovered in July 2020 by the 30/2-5S well. Atlantis is a discovery down-flank from the Huldra gas field that produced 22.7 million Sm3 oil equivalents between 2001 and 2014.
The Atlantis field is a 3-way structure against a large sealing fault to the south. The exploration well encountered a gas column of about 160 meters in the Brent Group (the Tarbert, Ness, Etive and Rannoch Formations). The gas/water contact was not encountered. The thick sand-filled reservoir and high reservoir pressure will enable an efficient drainage and a high recovery of the discovery.
Norwegian Offshore Directorate (NOD) reports the discovery to contain 10.4 million Sm3 of recoverable oil equivalents (65 MMboe). Since the gas-water contact (GWC) is not proven, a significant upside potential exists in the discovery.
The PL878 license contains several additional analogue exploration prospects that will be explored as part of the Atlantis maturation.
![](https://source-energy.no/wp-content/uploads/2023/11/Atlantis-new.jpg)
![](https://source-energy.no/wp-content/uploads/2023/11/Atlantis-geo-1.jpg)
Development timeline
The Atlantis discovery will be developed as a subsea development with 2-3 production wells tied back to a nearby host platform. Currently, the Kvitebjørn Field or the Oseberg Field are the most likely tie-in hosts. The Canon discovery (2.1 million Sm3 o.e. gross) to the south of Atlantis (in PL878) may be developed together with the Atlantis by a tie-in to the Atlantis subsea template. The first production is currently estimated to 2030/2031.
additional exploration in the PL878/ PL878B/ PL878C License
The license contains a significant upside / follow-up exploration potential that will be explored before and after the Atlantis production start-up.
There are identified prospects in both the Brent formation (Fossegrim and Minotaur prospect), the Statfjord formation (Atlantis Statfjord prospect), Triassic formation (Albus prospect) and in the Upper Jurassic formation (Sculptor).