In the primary exploration target, the well encountered a 23-meter oil column of which 19 meters were in Eocene sandstones of excellent reservoir quality. Also in Eocene sandstones, the well encountered a three-meter gas column. In addition, small amounts of hydrocarbons were discovered in two other formations, one in Eocene and one in Upper Cretaceous.
The partners, which in addition to the Company’s wholly-owned subsidiary DNO Norge AS include
The Kveikje discovery strengthens the Company’s position in a core
In the same core area, on the back the 2021 Røver Nord discovery (DNO 20 percent), the Company will drill the Røver Sør exploration well, de-risked by Røver Nord in the same license, later this year.
With this first discovery under its belt, in addition to Røver Sør, DNO has another five exploration wells scheduled in the
At the end of the first quarter of 2022, DNO held interests in 77 licenses offshore Norway (20 operated by the Company), including eight producing licenses with combined average daily production of 12,500 barrels of oil equivalent in 2021, one license containing a discovery undergoing development and four licenses with discoveries pending development decisions.
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For further information, please contact:
Media: media@dno.no
Investors: investor.relations@dno.no
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This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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