Det Norske Oljeselskap ASA ("the Company"), listed on the OTC in Oslo (ticker NOIL), have today spudded the exploration well 24/9-8 on the Lie prospect. The Company is the Operator and hold a 30% interest in the license. This is the first well to be drilled by the Bredford Dolphin rig in the three year drilling contract the Company and six other operators in a consortium have with Dolphin.
The Company received earlier this week the approval of the Application for Consent of the well by the Petroleum Safety Authority (PSA). The 24/9-8 well is located west of the Grane Field and will be drilled in 123 m water depth to a TD of 2212 m MSL.
The other licensees are Revus Energy ASA (30%), Talisman Energy Norge AS (30%) and PA Resources Norway AS (10%).
Det Norske Oljeselskap ASA
17 July 2007
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Contact:
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Media: |
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Helge Eide, MD DNO ASA |
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+47 23 23 84 80 |
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Roar Tessem, Det Norske Oljeselskap 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:
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+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 |