Barchan exploration well completed
(Thomson Reuters ONE) -
Stavanger, 13 December 2010, Norwegian Energy Company ASA (Noreco): Drilling of
the exploration well 3/8-1 on the Barchan prospect has been completed. The well
did not encounter hydrocarbons.
The exploration well 3/8-1 was targeting the Barchan prospect and reached target
depth at approximately 4020 meters. The primary reservoir, of Permian age,
showed poor reservoir quality. The well encountered no hydrocarbons and is being
plugged and abandoned.
Barchan is located in license PL400 in the southern part of the Norwegian North
Sea. Lundin Petroleum is the operator with 50 percent working interest. Noreco
has 30 percent and Petoro AS has 20 percent working interest.
Contacts:
Scott Kerr, CEO (+47 99 28 38 90)
Kjetil Bakken, Investor Relations Manager (+47 91 889 889)
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
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originality of the information contained therein.
Source: NORECO via Thomson Reuters ONE
[HUG#1471559]
Unternehmensinformation / Kurzprofil:
Datum: 13.12.2010 - 08:56 Uhr
Sprache: Deutsch
News-ID 49638
Anzahl Zeichen: 1568
contact information:
Town:
Stavanger
Kategorie:
Business News
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"Barchan exploration well completed"
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