North Sea oil discovery affects Det norske
The Norwegian Petroleum Directorate (NPD) today announced an oil discovery in exploration well 16/2-6 in PL 501.The NPD said: "Preliminary estimates of proven recoverable oil are 15 million standard cubic metres (Sm3) with an upside of about 60 million Sm3, which will require further delineation in the production licence. The gas/oil ratio is calculated at 40 Sm3/Sm3".The NPD further stated: "A successful formation test has been performed. The production rate was 780 Sm3 of oil per flow day through a 52/64-inch nozzle. The test showed very good flow properties.Det norske does not hold