DNO ASA - Rig secured for Jaguar Prospect
Posted: 11 November 2005
DNO UK Ltd, a 100 per cent subsidiary of DNO ASA, has entered into an agreement with Peak Well Management Ltd for the use of the semi-submersible drilling unit Bredford Dolphin for a one well program on Block 211/22B on UKCS.
Block 211/22B hosts an upper Jurassic prospect named Jaguar and the spud date of the well is estimated at around mid January 2006.
DNO secured a 60 per cent working interest and operatorship in Block 211/22B earlier this year through a farm-in agreement with Elixir Petroleum Ltd. (Elixir) by funding 92,5 per cent of the costs of drilling one exploration well on the Jaguar Prospect. Elixir retained a final 40 per cent working interest in the block.
Unrisked resource potential given oil discovery is estimated by DNO in the range of 54-280 million barrels full field, with a most likely estimate of 138 million barrels - which is 83 million barrels net to DNO.
For more information see http://www.dno.no/
Posted by Richard Price, Editor, EnergyME.com
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