Det norske announce significant oil discovery on the Grevling Prospect

Det norske vice president for reserves and area developments Odd Ragnar Heum said that this is an important discovery for Det norske. “The Grevling oil discovery is very positive. It also fuels optimism for PL408 and PL337, located next to the discovery license and where Det norske is operator. On these licenses Det norske plans to drill two exploration wells, one late this year and the other... 

Tag: grevling oil, pl038 grevling, grevling prospect, grevling oil discovery, grevling discovery

Endeavour Closes Sale of Norwegian Subsidiary

Endeavour International Corporation, an oil and gas exploration and production company focused on the acquisition, exploration and development of energy reserves in the North Sea and the United States today announced it has closed the sale of its Norwegian subsidiary, Endeavour Energy Norge AS, to VNG- Verbundnetz Gas AG, for the total consideration of USD $150 million. In conjunction with the closing,... 

Tag: vng acquires endeavour energy norge, conoco sanctioned

Det norske oljeselskap ASA: Sale of Yme Approved

The Norwegian Ministry of Energy and Petroleum has approved Det norske oljeselskap’s sale of 10% in production licenses 316, 316B, 316CS and 316DS to the Polish Company Lotos Exploration and Production Norge AS. The transaction includes the Yme field, which is currently under development. Det norske will receive close to MNOK 600 in cash for these assets. For further details, reference is made to... 

Serica Energy awarded UK licences

Serica Energy plc announces that it has been offered three UK exploration licences in the UK 25th Seaward Licensing Round and provides an operational update. In the UK 25th Round Serica was offered awards of licences covering interests in Block 15/21e (split) in the Central North Sea, Block 48/16a (part) in the Southern North Sea and Block 110/2d in the East Irish Sea. The blocks have been offered... 

Det Norske Oljeselskap ASA: Det Norske Considerably Strengthened

Det norske oljeselskap ASA (OSE:DETNOR) reported operating revenues in Q3 2008 in the amount of MNOK 102.2, as compared to MNOK 19.4 in the same quarter in 2007. The operating loss amounted to MNOK 108.3. The net income in the period was MNOK 5.6. In the corresponding quarter last year, the company reported an operating loss of MNOK 32.7, and the net loss was MNOK 5.1. Total exploration expenses in... 

Tag: jotun no

Endeavour Announces Successful Well in Norwegian Brage Field

Endeavour International Corporation announced a discovery at the site of the Knockandoo prospect in the Brage field located in PL055 in the Norwegian North Sea. The Brage platform well 31/4-A-01 AT2 well found oil in the upper part of the Middle Jurassic Brent Group. The operator StatoilHydro estimates “the size of the discovery is between 1.8 and 6.3 million barrels of oil recoverable.”... 

Endeavour Announces Positive Results of Noatun C Sidetrack Well

Endeavour International Corporation announced that a sidetrack well to its recent Noatun C discovery has further confirmed the presence of gas condensate at the site located in PL 107 in the Norwegian North Sea. The operator StatoilHydro has issued preliminary estimates of “discovered recoverable reserves between 30 – 50 million barrels oil equivalent.” The discovery will be evaluated... 

Det norske oljeselskap ASA: Considerable Strengthening of Det norske’s Cash Position

Det norske oljeselskap ASA sells its 10 percent interest in Production Licenses 316 (the Yme Field), 316B, 316 CS, and 316 DS to Lotos Exploration and Production Norge AS. The consideration for the transaction is NOK 390 million. The purchase amount includes NOK 118 million in remaining tax balance. In addition, Det norske (OSE:DETNOR) will be compensated for investments made in 2008. Consequently,... 

Tag: jotun no

Endeavour Announces Discovery at Noatun C in Norway

Endeavour International Corporation announced a discovery at the site of its Noatun C prospect located in PL107 in the Norwegian North Sea. The well encountered a gas condensate column in the targeted Middle to Lower Jurassic sandstone. The drilling of a sidetrack will begin immediately to locate the gas water contact and further determine the size of the discovery. “This is the seventh consecutive... 

Technip Awarded Umbilicals Contract in Norway

Technip announces that its wholly-owned subsidiary Duco Ltd. has been awarded by BP Norge AS a lumpsum EPC(1) contract, worth approximately € 20 million, for the Skarv field development. This field is located on the Norwegian continental shelf, in water depths ranging from 350 to 450 meters. The contract covers engineering, procurement, project management services and fabrication of two dynamic umbilicals(2)...