Norvarg update

This article originates from the news archive of Det norske.

16. June 2011

Det norske oljeselskap ASA has as license partner made a gas discovery in the Norvarg prospect in the Barents Sea license 535, operated by Total E&P Norge AS.

Exploration well 7225/3-1 has not been completed. Preliminary well data indicate gas at three different levels, a significant part of it in the Kobbe formation.

It is too early to conclude on flow rate characteristics and potential commerciality; hence the partnership has decided to perform a production test to gather information about reservoir production properties.

The test is planned to be carried out after the well has been drilled to total depth at about 4100 meters. Drilling operations are expected to continue for several weeks. Due to the production test, it is expected that the well will take longer time to complete than previously anticipated.

License owners are:
Total E&P Norge AS (operator 40%)
Det norske oljeselskap ASA (20%)
North Energy (20%)
Rocksource (20%)

Norvarg_oppdatering

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).