DNO ASA Announces Exciting New Gas Discovery in Norway
DNO ASA Reveals Significant Gas Discovery in Norwegian Sea
DNO ASA, a leading Norwegian oil and gas operator, has made an exciting announcement regarding a gas and condensate discovery in the Norwegian Sea at the Mistral prospect. This notable find was located within license PL1119, where DNO's wholly-owned subsidiary, DNO Norge AS, acquired a 10 percent stake.
Details of the Mistral Discovery
The exploration well discovered a remarkable 45-meter hydrocarbon column characterized by excellent reservoir properties in the Garn Formation. Preliminary evaluations indicate that gross recoverable resources may range between 19 to 44 million barrels of oil equivalent. The license partners involved in this venture include Equinor Energy AS, holding a 50 percent interest and serving as the operator, alongside OKEA ASA and Pandion Energy AS, each possessing a 20 percent share.
Strategic Tieback Potential
Located approximately 20 kilometers southwest of Equinor's Lavrans subsea development, the Mistral discovery stands as a promising candidate for a quick tieback to existing infrastructure. With favorable reservoir characteristics, this find could facilitate a streamlined development approach.
Strategic Partnerships and Exploration Efforts
To broaden its exploration portfolio, DNO strategically entered into the Mistral license through a swap agreement with OKEA, announced prior to the spud date of the discovery well. As part of this exchange, OKEA acquired a 10 percent stake in North Sea license PL1109, which houses the promising Horatio prospect, where DNO maintains a 20 percent interest. Ongoing exploration drilling at Horatio further emphasizes DNO's commitment to expanding its exploration assets.
Current Drilling Projects
In addition to the Mistral discovery, DNO is actively engaged in drilling operations for its Kjøttkake exploration well located in North Sea license PL1182S, where the company holds a 40 percent operated stake, signaling its ongoing dedication to exploring new opportunities in the oil and gas industry.
Overview of DNO ASA
DNO ASA is a prominent oil and gas operator with a substantial presence in the Middle East, North Sea, and West Africa. Established in 1971 and publicly traded on the Oslo Stock Exchange, the company manages a diverse portfolio of interests in onshore and offshore licenses at various stages of exploration, development, and production across regions such as the Kurdistan area in Iraq, Norway, the United Kingdom, Côte d'Ivoire, the Netherlands, and Yemen.
Contact Information
For further queries or details regarding the discovery and DNO's operations, please reach out via:
Media inquiries: media@dno.no
Investor relations: investor.relations@dno.no
Frequently Asked Questions
What is the Mistral discovery by DNO ASA?
The Mistral discovery is a gas and condensate find located in the Norwegian Sea, with promising recoverable resources.
How does the Mistral discovery impact DNO's operations?
The Mistral discovery positions DNO ASA for potential fast-track development and enhances its exploration portfolio.
Who are the partners involved in the Mistral prospect?
License partners include Equinor Energy AS, OKEA ASA, and Pandion Energy AS, with DNO holding a 10 percent stake.
What other projects is DNO currently working on?
DNO is drilling the Kjøttkake well in North Sea license PL1182S, showcasing its active exploration efforts.
When was DNO ASA founded?
DNO ASA was founded in 1971 and has since established itself as a key player in the oil and gas sector.
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