Det norske Participates in the ”Scientific Drilling on Svalbard” Project

This article originates from the news archive of Det norske.

15. May 2008

The purpose of the “Scientific Drilling on Svalbard” project is to uncover a 60-million-year-old history. The drilling, which commenced 27 April and will be in progress until the end of June, is a cooperative project between StatoilHydro, Det norske oljeselskap, the Norwegian Petroleum Directorate, and Store Norske Spitsbergen Kulkompani. LNS Spitsbergen is the drilling operator.

Additional participants are the Geological Survey of Norway (NGU), SINTEF, The University Centre in Svalbard, and the Norwegian University of Science and Technology (NTNU).

The project will, among other things, contribute to establishing a picture of the development of the landscape 60 million years ago, which is important with regard to identifying new areas for coal exploration. The drilling site is by the Sysselmann glacier/the Zimmer Mountain, located between the Van Keulen Fjord and the Van Mijen Fjord.

About Det norske:
Det norske is the second-largest operating company on the Norwegian Continental Shelf with 23 operatorships and interests in a total of 45 licenses. In 2007, the company drilled five exploration wells. Det norske`s scope of activities is limited to the Norwegian Continental Shelf (NCS).

Det norske currently employs a staff of more than 100, and the strong growth rate is expected to continue in 2008. The company`s registered office is located in Trondheim. Headquarter functions are divided between Oslo and Trondheim. The company also has offices in Harstad and Stavanger.

Det norske oljeselskap (`DETNOR`) emerged as a result of the combination between Pertra and DNO`s Norwegian operations. At the end of January 2008, the market capitalization of the company amounted to NOK 3.5 billion.