The case is updated.
The Norwegian oil company, more commonly called the Norwegian, has made an oil discovery in Langfjellet project in the North Sea. The company reported in a stock exchange release on Thursday morning.
Read also: Optimism in the Norwegian, despite weaker results
Røkke-controlled
The company, controlled by Kjell Inge Røkke , believe the new discovery contains between 24 million and 74 million barrels of oil.
Langfjellet project is about to be completed and according to Company recorded an hit well one 109 meters gross oil column in Vestland group.
Read leader: Norway need the money and the world needs oil
Considering development
“a technical sidetrack was drilled to perform data collection and the well is now being prepared for a sidetrack and well test. Preliminary estimates of the size of the discovery is between 24 and 74 million barrels of oil equivalent. The licensees will consider found in terms of a possible development along with other discoveries in the area. As a result of the positive outcome of Langfjellet has licensees identified further prospectivity in the license, “said in a stock exchange announcement from the company which is headquartered at the market square in Trondheim.
The Norwegian company operates and owns 90 percent of the license has named PL 442. Lotos Exploration an Production Norway owns the remaining 10 percent.
Read also: Lysbakken for oil exploration: – disastrous dream
No comments:
Post a Comment