A contingent side-track may be drilled to delineate the extent of any discovery. The well is located to the west of the Snorre field in the Northern North Sea, which has been upgraded for production beyond 2040. Petrolia NOCO holds a 20% share of the licence. Other partners are Neptune Energy Norge AS (Operator with 40%), Concedo AS and Idemitsu Petroleum Norge AS each with a 20% share.
The PL 882 licence was awarded as part of the APA 2016 round, where Petrolia NOCO recognised that blocks to the west of the Snorre field were under-explored. Utilising new broadband seismic, the Dugong prospect is estimated by Petrolia NOCO to contain prospective recoverable resources of 86 million boe expected mid estimate. In addition, the company holds a 30% share in two licences (PL992 and PL994) adjacent to PL882 which both have interesting prospectivity.
Petrolia NOCO’s Managing Director, Linn Katrine Høie, said: “The drilling of the Dugong well represents the culmination of the company’s collaborative approach to exploration and strong teamwork. In the event of success, the well will be transformative for the company and add significant value for shareholders and other stakeholders.”
Read the article online at: https://www.oilfieldtechnology.com/exploration/18062020/drilling-of-dugong-well-set-to-begin-this-week/