The January oil production for Norway and Yemen was as follows (BOPD):
Norway 1.352
Yemen 12.789
Total 14.141
The production in January was down by 1.382 BOPD compared to December. Although it was anticipated a reduction in production due to the expected decline rate for the three producing fields, the January production was also effected negatively by some downtime on Glitne due to problems with the gas compressor. This was resolved at the end of the month.
On Tasour a new infill well in the western area, Tasour # 16 is in progress and will be completed within the next 2-3 weeks.
Drilling of Nabrajah # 5 commenced on 8 February and the well has reached a depth of 530 meters. Following the completion of Nabrajah # 5 a revision of the reserves within the Nabrajah Field will be undertaken.
DNO expects an 2005 annual oil production of 14.000 - 15.000 BOPD from all producing assets; Tasour, Sharyoof, Nabrajah and Glitne.
DNO ASA
15 February 2005
For further information, please contact:
Helge Eide
Managing Director.
Telephone: (+47) 55 22 47 00 / (+47) 23 23 84 80
www.dno.no
15 February 2005
For further information, please contact:
Helge Eide
Managing Director.
Telephone: (+47) 55 22 47 00 / (+47) 23 23 84 80
www.dno.no