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Friday, August 5, 2011

Det norske to Spin Bit in Southern North Sea

- Det norske to Spin Bit in Southern North Sea

Friday, August 05, 2011
Det norske oljeselskap ASA

Det norske received Petroleum Safety Authority Norway's (PSA) consent to drill the Ulvetanna prospect, with exploration well 3/4-2S, yesterday. The prospect is located in block 3/4 in production license 356 in the southern North Sea.

The well will be drilled with the jack-up rig Maersk Guardian. Planned start-up is in the end of the third quarter of this year.

The main objective of the drilling is oil in the Ekofisk- and Tor formations. The well will be drilled to a depth of approximately 3,050 meters. Water depth in the area is 51 meters.

Det norske is the operator of the license with a 60 percent stake. Repsol entered the license last year, and has 40 percent stake. The license was awarded in APA 2005.

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