In a press release posted on its website on Wednesday, Norwegian oil and gasoline operator DNO ASA introduced “an necessary oil and gasoline discovery in Northern North Sea license PL1182 S”.
The invention was made in Paleocene injectite sandstones “of fantastic reservoir high quality”, the assertion highlighted. Preliminary estimates of gross recoverable sources are “within the vary of 39 to 75 million barrels of oil equal, with a imply of 55 million barrels of oil equal”, the assertion identified.
DNO famous within the assertion that the Kjøttkake exploration nicely encountered a 41 meter (134.5 foot) oil column and a 9 meter 9 (29.5 foot) gasoline column. A sidetrack drilled horizontally 1,350 meters (4,429 ft) westwards alongside the reservoir within the Sotra Formation confirmed the presence of the oil column all through the invention, DNO added.
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“We’re on a scorching streak in Norway,” DNO Govt Chairman Bijan Mossavar-Rahmani mentioned within the assertion.
“Our newest and most enjoyable discovery this yr, Kjøttkake, is near current infrastructure within the Troll-Gjøa space, and we can be relentless in pursuing its commercialization,” Mossavar-Rahmani added.
DNO highlighted within the assertion that Kjøttkake is the corporate’s tenth discovery since 2021 within the “Troll-Gjøa exploration and growth hotspot”. This discover follows the corporate’s Røver Nord, Kveikje, Ofelia, Røver Sør, Heisenberg, Carmen, Kyrre, Cuvette and Ringand discoveries, DNO identified within the assertion.
DNO went on to notice that it has additionally “racked up discoveries in different components of the Norwegian Continental Shelf, together with Norma (2023) and Othello (2024), each play-opening finds and each operated by DNO”.
DNO holds a 40 % operated stake in PL1182 S, based on its assertion, which outlined that its companions within the license comprise Aker BP ASA, with a 30 % stake, Concedo AS, with a 15 % curiosity, and Japex Norge AS, with one other 15 % stake.
On the time of writing, Aker BP and Japex Norge had made no point out of the invention on their web sites. Concedo revealed part of DNO’s assertion on its web site on Wednesday.
DNO famous in its assertion that, following its exploration success, it has stepped up purchases of manufacturing belongings to steadiness its Norwegian portfolio and assist fund coming developments.
The corporate identified that in early March, it introduced “the transformative acquisition of Sval Energi Group AS, which is able to improve North Sea 2P reserves from 48 million barrels of oil equal to 189 million barrels of oil equal post-closing and 2C sources from 144 million barrels of oil equal to 246 million barrels of oil equal (professional forma figures as of year-end 2024)”.
DNO mentioned within the assertion that the acquisition is predicted to shut by mid-year.
In a press release posted on its website earlier this month, DNO confirmed a gasoline/condensate discovery on the Mistral prospect within the Norwegian Sea license PL1119. The corporate highlighted in that assertion that its wholly owned subsidiary DNO Norge AS lately acquired a ten % curiosity within the license.
The nicely encountered a forty five meter (147.6 foot) hydrocarbon column with good reservoir properties within the Garn Formation, DNO mentioned within the assertion, including that preliminary estimates of gross recoverable sources encountered are within the vary of 19-44 million barrels of oil equal.
“Positioned some 20 kilometers southwest of Equinor’s ongoing Lavrans subsea growth, the Mistral discovery is a candidate for a fast-track tieback to this discipline,” DNO famous within the assertion.
“Given the nice reservoir properties, the invention doubtless permits for simplified growth options,” it added.
On this assertion, DNO famous that, to diversify its exploration portfolio, it entered into the Mistral license by a swap settlement with OKEA introduced on December 19, 2024. In change, OKEA picked up a ten % curiosity in North Sea license PL1109 containing the Horatio prospect, DNO added. The DNO-OKEA transaction is topic to authorities approval, DNO revealed within the assertion.
In a press release posted on its website on December 17, DNO introduced an oil and gasoline discovery on the Ringand prospect within the Norwegian North Sea license PL923/923B.
Preliminary estimates of gross recoverable sources are within the vary of 2-13 million barrels of oil equal on a P90-P10 foundation with a imply of 10 million barrels of oil equal, DNO mentioned in that assertion.
To contact the creator, electronic mail andreas.exarheas@rigzone.com
