Det Norske Oljeselskap Makes Oil Find in North Sea
December 19 2014 - 3:43AM
Dow Jones News
By Dominic Chopping
Norwegian oil producer Det Norske Oljeselskap ASA (DETNOR.OS)
said Friday it has made an oil discovery at the Krafla North
prospect in the North Sea.
It said exploration drilling on the prospect is about to be
completed and exploration well 30/11-10 has encountered an 80 meter
oil column in the Tarbert formation with poorer reservoir
properties than expected. A total oil column of 20 meters was
encountered in the Etive formation with somewhat poorer reservoir
qualities than expected.
Preliminary estimates of the recoverable resources are between 6
million and 19 million barrels of oil equivalents (mmboe).
The partners in PL 035 and PL 272 will evaluate the discovery in
connection with other discoveries in the two licenses.
Det norske is partner with 25% working interest, Statoil
Petroleum is operator with 50% working interest and Svenska
Exploration AS with 25%.
-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter:
@WSJNordics
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