Dry well on Kvitvola
Det norske oljeselskap ASA, as operator of production license 553, has completed the drilling of wildcat well 34/7-36 S T2. The well was drilled on the Kvitvola prospect about 5 km west of the Visund Field by the Borgland Dolphin drilling rig.
The purpose of the well was to prove petroleum in upper Jurassic, Draupne sandstones. A secondary target was the underlying Brent Group. The well encountered no reservoir in the Draupne Formation and thus no hydrocarbons were proven. The secondary target was also dry.
34/7-36 S T2 is the first exploration well in production license 553, awarded in the APA 2009. The well was drilled to a vertical depth of 3,639 meters below sea level (3,690 meters MDRKB). The water depth is 304 meters. The well will now be permanently plugged and abandoned.
Det norske oljeselskap ASA is the operator of the license with a 40 percent working interest. Partners are Svenska Petroleum with 35 percent and Bayerngas with 25 percent working interest.
For more information, please contact:
Press contact: Torgeir Anda, VP Communication, tel.: + 47 991 12 203
Investor contact: Jonas Gamre, Investor Relations Manager, tel.: +47 971 18 292
About Det norske:
Det norske is a fully-fledged E&P company with exploration, development and production activities on the Norwegian Continental Shelf. We are building one of Europe's largest independent E&P companies.
Det norske is the operator for the Ivar Aasen field development, and is partner in the Johan Sverdrup field. The company has an ambitious strategy for continued growth, and has recently entered into an agreement to acquire Marathon Oil in Norway *. This acquisition will result in considerable production growth for the company. At the same time, Det norske continues its active exploration programme on the Norwegian shelf.
Det norske is listed on Oslo Børs (DETNOR). Det norske's headquarters are located in Trondheim, with branch offices in Oslo and Harstad. Following the acquisition of Marathon in Norway, we will also have a Stavanger office. More about Det norske at www.detnor.no/en/.
This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
* Subject to approval by the authorities.