Det norske reviews development options

Det norske oljeselskap is about to select a development plan for its Draupne discovery in the Norwegian North Sea.

Offshore staff

TRONDHEIM, Norway -- Det norske oljeselskap is about to select a development plan for its Draupne discovery in the Norwegian North Sea.

The company has raised its estimate of the range of recoverable volumes to 112-192 MMboe, with a most likely volume of 140 MMboe.

Det norske is considering both a standalone development for Draupne, in license PL 001B, or a coordinated development with Lundin’s Luno discovery in PL 338. The company aims to present its recommendation to the license partners by end-March.

In PL 364, where Det norske is a 50-50 partner with Premier Oil in the Frøy field re-development, studies continue on whether combined gas and water injection could increase recoverable volumes compared with water injection alone. The Storklakken oil discovery in PL460, owned 100% by Det norske, could be factored into the development.

Also in the North Sea, Det norske believes that the Jetta discovery is commercially viable, provided that agreement can be reached with the Jotun Unit partners (headed by Esso) on tariffs. Jetta would not come onstream before 2013.

02/16/2011

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