Heisenberg Oil Discovery Expands with New Well Success
Successful Completion of Second Well at Heisenberg
DNO ASA, a prominent Norwegian oil and gas operator, has successfully completed a second well that delineates its significant 2023 Heisenberg oil and gas discovery located in Norwegian North Sea license PL827SB. This well encountered six meters of oil-filled Eocene sandstone reservoir, validating the estimated Heisenberg volume between 24 to 56 million barrels of oil equivalent (MMboe), with a mean of 37 MMboe. This substantial find underscores DNO's unwavering presence in the North Sea.
Strategic Infrastructure Tieback Plans
The Heisenberg discovery involves a strategic partnership that includes DNO Norge AS, holding a 49 percent stake, and Equinor Energy AS as the operator. The partnership is currently exploring options for tying Heisenberg to nearby infrastructure, potentially synchronizing efforts with the development of other recent discoveries in the area, particularly around the prolific Troll and Gjøa production hubs. This endeavor is aimed at optimizing resource extraction in a region where DNO has established a strong foothold.
Recent Discoveries and Operations
2024 has already been a remarkable year for DNO, marking the Cuvette discovery as its eighth find in the area since 2021. This follows a string of successful discoveries that include Røver Nord, Kveikje, Ofelia, Røver Sør, Heisenberg, Carmen, and Kyrre. The discoveries in the Troll-Gjøa area are notable, constituting a significant portion of DNO’s net contingent resources in the North Sea, which totaled 132 million barrels of oil equivalent at the close of 2023. Such achievements reinforce DNO's position as one of the most active explorers in the region.
Ongoing Drilling Initiatives
DNO is committed to maintaining its exploration momentum. Recently, the company began drilling operations at the Falstaff prospect, where it holds a 50 percent stake and acts as the operator. Furthermore, the company anticipates drilling at Ringand, where they have a 20 percent stake, later this fall. The proactive approach continues with DNO submitting one of its largest applications for the upcoming APA 2024 licensing round, with results expected in early 2025.
The Angel Exploration Prospect
The Angel exploration well, the focal point of the PL827SB license, has primarily been found to be water wet. However, some non-commercial gas volumes were encountered, which contributes to the overall understanding of the reservoir and future exploration strategies.
About DNO ASA
DNO ASA is known for its robust operations in several key regions such as the Middle East, the North Sea, and West Africa. Established in 1971 and listed on the Oslo Stock Exchange, DNO holds interests in various onshore and offshore licenses, spanning all stages from exploration to production. The company operates across several countries, including Iraq's Kurdistan region, Norway, the United Kingdom, Côte d'Ivoire, the Netherlands, and Yemen.
Frequently Asked Questions
What is the significance of the Heisenberg discovery?
The Heisenberg discovery is significant due to its estimated volume of 24 to 56 million barrels of oil equivalent, enhancing DNO’s resource pool in the North Sea.
Who are DNO's partners in the Heisenberg project?
DNO partners with Equinor Energy AS in the Heisenberg project, holding a 49 percent stake in the license.
What other discoveries has DNO made recently?
DNO has made several discoveries in the area since 2021, including Cuvette, Røver Nord, and Kveikje.
What is DNO’s future exploration strategy?
DNO's future exploration strategy focuses on continuous drilling efforts, including the upcoming Falstaff and Ringand drilling projects.
Where does DNO operate?
DNO operates in multiple regions including the North Sea, the Middle East, and West Africa, holding diverse exploration and production licenses.
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