DNO makes discovery offshore Norway

The exploration well encountered hydrocarbons in the primary target in the Våle Formation of Paleocene Age. The reservoir is a 23 m thick, homogeneous sandstone of poor to moderate quality. A small amount of oil was recovered during logging. The oil/water contact was not encountered.

Based on preliminary assessments, there is uncertainty whether the reservoir can be commercially produced and no estimate of recoverable volumes has been established at this stage. DNO holds a 65% interest in the PL006C license and together with its partner Aker BP (35%) will study the extensive data collected during the operation before deciding next steps.

In a separate announcement, Equinor as operator of license PL159B (DNO 32%) has reported that the recently completed Black Vulture exploration well did not encounter hydrocarbons.

In addition to Gomez and Black Vulture, DNO’s 2021 Norwegian exploration and appraisal programme comprises three wells, of which the first two, Røver Nord (DNO 20%) and Bergknapp (DNO 30%), have already been drilled and proven likely commercial volumes. The remaining 2021 exploration well, Mugnetind (DNO 30%), will spud shortly.

The company has 74 licenses in Norway, of which eight are in production, one is under development and four contain discoveries pending development decisions.

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