Knockandoo-Talisker exploration well proves oil

Oil has been discovered in the Knockandoo-Talisker exploration well near the producing Brage field in Norway, according to Norwegian Energy Co. (Noreco).

Offshore staff

STAVANGER, Norway -- Oil has been discovered in the Knockandoo-Talisker exploration well near the producing Brage field in Norway, according to Norwegian Energy Co. (Noreco). The well is now being completed and is expected to start production within 3-4 weeks.

In addition to being a development well, it also had two exploration targets in Middle and Lower Jurassic reservoir rocks. The company estimates the discovery to contain between 0.3 - 1 MMcm of recoverable oil. The well was not formation-tested, but extensive data collection and sampling were carried out.

The well was drilled from the Brage platform to a vertical depth of 2,513 m (8, 245 ft) below the sea surface, and was concluded in the Statfjord group in the Lower Jurassic.

Noreco expects the Knockandoo-Talisker well to produce up to 10,000 boe/d gross once it has been completed in mid-November.

10/23/2008

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