DNO ASA, the Norwegian oil and gas operator, has announced a gas and condensate discovery on the Carmen prospect in the Norwegian North Sea license PL1148 in which the Company holds a 30% interest.
Preliminary evaluation of comprehensive data, including cores and fluid samples, acquired from the discovery well and a follow-on extended side-track indicates gross recoverable resources in the range of 120-230 million boe on a P90-P10 basis. At 175 million boe, the mid-point of this range, Carmen ranks as the largest discovery on the Norwegian Continental Shelf since 2013.
The two wells have established a deeper hydrocarbon-water contact, tripling the mid-point of DNO’s pre-drill expected range.
Carmen is the company’s sixth discovery in the Troll-Gjøa area since 2021 and is located close to existing infrastructure with clear routes towards commercialisation. The other discoveries are Røver Nord, Kveikje, Ofelia, Røver Sør and Heisenberg.
DNO’s Executive Chairman, Bijan Mossavar-Rahman, said: “Norway is the gift that keeps on giving. Carmen proves there are important discoveries still to be made and Norway’s oldest oil company, DNO, will be part of this next chapter of the country’s oil and gas story.”