News

Geite Exploration Well

15 October, 2012

The enclosed announcement has today been issued by Det norske oljeselskap ASA (35%; Operator) with regard to the Geite well in the North Sea in which Cairn, through its fully-owned subsidiary Agora Oil and Gas AS, has a 15% interest (Dana Petroleum Norway AS – 25%; Bridge Energy Norge AS – 15%; Lotos Exploration and Production Norge AS – 10%).

Dry Exploration Well on Geite – Monday, 15 October 2012

Det norske oljeselskap ASA is about to complete drilling operations on the Geite prospect in the North Sea. Geite is located northwest of the Ula field.

Triassic reservoir sandstones were encountered, but without hydrocarbons. Det norske has completed the drilling operation, and the well will now be plugged and abandoned.

Det norske is the operator in PL 497 with a 35 percent ownership interest.

Partners include:
Dana Petroleum Norway AS (25 %)
Bridge Energy Norge AS (15%)
Agora Oil & Gas AS (15%), and
Lotos Exploration and Production Norge AS (10%)

About Det norske: 

Det norske oljeselskap ASA (DETNOR) specialize in extracting petroleum resources on the Norwegian Continental Shelf (NCS). We are an ambitious company with significant exploration activity. Recently we have taken part in some major discoveries, Sverdrup being the single most important. We now face several development projects, among them Jette as operator, and Ivar Aasen.

Det norske has its headquarter located in Trondheim, and offices in Oslo and Harstad. As of today we are more than 200 employees. Det norske is listed on the Oslo Stock Exchange with the ticker “DETNOR”.

Enquiries:

Analysts/Investors    
Simon Thomson Chief Executive 0131 475 3000
Jann Brown  Managing Director & CFO 0131 475 3000
Mike Watts Deputy Chief Executive 0131 475 3000
David Nisbet Corporate Affairs 0131 475 3000
Media    
Patrick Handley Brunswick Group LLP 0207 404 5959
David Litterick Brunswick Group LLP 0207 404 5959

 

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