Statoil ASA and its partners Eni Norge AS and Petoro AS, have made a substantial oil discovery in the Havis prospect in the same license as Skrugard (PL532) in the Barents Sea. This marks the second high-impact discovery in the North in nine months. Well 7220/7-1, drilled by the drilling rig Aker Barents, has proved a 48m gas column and a 128m oil column. Statoil estimates the volumes in Havis to be between 200 and 300 million barrels of recoverable oil equivalents (o.e.). The provisional, updated total volume estimate for the Skrugard and Havis discoveries in PL532 is in the region of 400-600 million barrels of recoverable oil equivalents. Helge Lund, President and CEO of Statoil ASA had this to say about the discovery: “Havis is our second high impact oil discovery in the Barents Sea in nine months. The discovery’s volume and reservoir properties make it Skrugard’s twin. Skrugard and Havis open up a new petroleum province in the North.” Havis lies around 7km southwest of the Skrugard discovery, made in April of 2011. Havis lies within the same production license, but forms an independent structure so there is no communication between the two discoveries. Statoil has been exploring in the Barents Sea for more than 30 years and the company has been involved in 88 of a total 92 exploration wells drilled in the area. Well 7220/7-1 is the second well in production license 532. The well is drilled to a vertical depth of 2200m below sea level at a sea depth of 365m. Statoil is operator for production license PL532 with an ownership share of 50%; the license partners are Eni Norge AS (30%) and Petoro AS (20%).