Small gas discovery in the Norwegian Sea
(Thomson Reuters ONE) -
Stavanger, 31 August 2011: Norwegian Energy Company ASA (Noreco) is pleased to
announce that the drilling of exploration well 6407/5-2S in license PL471 in the
Norwegian Sea is about to be completed, and has resulted in a small gas
discovery.
The well objectives were to prove hydrocarbons in the Chamonix prospect, a
stratigraphic trap in the Upper Cretaceous Lysing Formation and in Cortina, a
target in the Jurassic. The Lysing sands were found to be tight but in the
Jurassic Rogn & Garn Formations the well proved gas with a gross column of
around 40 metres. The well has not been formation tested, but extensive data
acquisition including coring and sampling has been carried out, giving important
information to de-risk similar nearby prospects. The partners will now evaluate
the possibilities for a tie-back of the discovery to existing infrastructure in
the area.
The partners in license PL471 are OMV (operator, 50 percent), Noreco (30
percent) and Valiant (20 percent).
Contact:
Kjetil Bakken, VP Strategy & Investor Relations, +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
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: NORECO via Thomson Reuters ONE
[HUG#1542683]
Unternehmensinformation / Kurzprofil:
Datum: 31.08.2011 - 08:51 Uhr
Sprache: Deutsch
News-ID 60885
Anzahl Zeichen: 1864
contact information:
Town:
Stavanger
Kategorie:
Business News
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"Small gas discovery in the Norwegian Sea"
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