Discovery at Krafla

This article originates from the news archive of Det norske.

10. May 2011

Det norske has as partner in PL 035 and PL 272, made a discovery in the Krafla prospect. The discovery is located southwest of the Oseberg South field in the North Sea. Statoil is operator for the licenses.

Estimates published by NPD indicate that the discovery is between 13 and 57 million barrels of oil equivalents.

Cores have been collected and a logging programme is in progress.

The partnership has decided to drill a sidetrack targeting the Krafla West structure.

More information about Krafla and Krafla West will be provided when the drilling operations have been completed and the data evaluated.

Det norske holds 25 percent in these licenses, Statoil 50 percent and Svenska Petroleum 25 percent.

The picture is from the Fact`s page on NPD`s website and shows the area of where the Krafla license is located.

The picture is from the Fact`s page on NPD`s website and shows the area of where the Krafla license is located.

About Det norske:
Det norske is the second-largest operating company on the Norwegian Continental Shelf both considering number of operatorships, exploration- and drilling activity. The aggressive exploration program is the largest an independent Norwegian company has ever conducted on the NCS. Det norske runs its activities in a safe and responsible manner in close cooperation with the authorities. Det norske will in 2011 participate in over 10 drilling operations as partner or as operator.

Det norske currently employs a staff of around 200. The company`s registered office is located in Trondheim. The company also has offices in Oslo, Harstad, and Stavanger. Det norske is listed on the Oslo Stock Exchange (DETNOR).