DNO has completed 3 of it's 13 well exploration program in Yemen for 2007. The results are as follows:
The Rig 905 will now be moved to Block 44 for drilling an exploration well.
The exploration well Shaibah # 1 was drilled by Rig 908 on a structure in the SW area of Block 43 to test possible reservoirs within the Naifa and Madbi formations. Spud date for the well was January 5th and the well is drilled to a total depth of 3123m. No oil was encountered in the target formations, but high gas readings were observed while drilling the deeper formations. Partners in Block 43 are Oil Search and The Yemen Company.
Rig 908 is now moving to the Nabrajah Field for drilling of a Qishn infill well. Thereafter a deep appraisal well will be drilled. The target of this deep appraisal well is based on interpretation of the new 3-D seismic acquired in 2006.
Block 53 (24,45 % Working Interest)
In Block 53, operated by Dove Energy, Rig 919 has now finished the drilling of the exploration well Balal#1 to a total depth of 1593m, which is within the lower Qishn formation. The well was spudded on January 5th to test a Qishn structure east of the Sharyoof Field. The well is concluded as a dry hole. Partners in Block 53 are Dove Energy, MOE , Petrolin and The Yemen Company.
Rig 919 is now drilling the production well Sharyoof # 24.
DNO ASA
13 February 2007
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Contact: |
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Media: |
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Helge Eide, MD DNO ASA |
Telephone: |
+47 23 23 84 80 |
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Ketil Jørgensen, Crux Communication (Norway) |
Telephone |
+47 930 36 866 |
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Ben Willey, Buchanan Communications (UK) |
Telephone: |
+44 207 466 5000 |
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Investor Relations: |
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Haakon Sandborg, CFO DNO ASA |
Telephone: |
+47 23 23 84 80 |
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Robert Arnott, Advisor (UK) |
Telephone |
+44 207 839 7764 |