DNO announces stake sale in Ekofisk PPF project to Orlen Upstream Norway

Norwegian lipid and state relation DNO has announced the merchantability of a 7.604% involvement successful the Ekofisk Previously Produced Fields (PPF) task successful licences PL018B and PL018F to Orlen Upstream Norway.

These licences are successful the Norwegian Continental Shelf (NCS).

The institution volition clasp its 7.604% involvement successful PL018, which comprises the producing fields Ekofisk, Eldfisk and Embla, arsenic good arsenic its stock successful the Tor Unit.

Meanwhile, DNO volition get a 20% involvement from Orlen successful PL1135, which contains the Cassio prospect, arsenic good arsenic a 0.8272% involvement successful the Verdande field.

The acquisition of further interests successful Verdande volition instrumentality DNO’s full involvement successful the Verdande Unit, which contains 5 licences, to 14.8251%.

This includes a 3.5% involvement from the precocious announced plus swap with Aker BP.

Verdande, located successful the Norne area, is presently successful precocious improvement and is scheduled to statesman accumulation aboriginal this year.

The Cassio imaginable is located straight northbound of DNO-operated PL1086, which includes the Othello discovery. DNO holds a 50% involvement successful PL1086.

An exploration good connected this imaginable is expected precocious adjacent year.

DNO enforcement president Bijan Mossavar-Rahmani said: “As we proceed to high-grade our North Sea portfolio, our absorption is connected expanding near-term currency travel with little walk and much barrels much quickly.

“Ekofisk PPF covers redevelopment of older, shut-in fields with expected accumulation commencement successful 2029, and portion the task fits different companies’ portfolios, we person chosen to deploy our stock of the important superior expenditure indispensable successful ways that play to our strengths, namely exploration and rapid-fire improvement of our existing discoveries.”

In a abstracted development, DNO and its partners person drilled a adust good located successful the Page imaginable of the confederate North Sea utilizing the Noble Intrepid rig.

Exploration good 2/6-8 S and method sidetrack 2/6-8 ST2, located wrong accumulation licence 1086, were drilled. This is the aforesaid country wherever the 2/6-7 S Othello lipid find was made the erstwhile year.

The purpose of this drilling was to beryllium lipid successful Palaeocene reservoir rocks successful the Borr Member successful the Våle Formation.

In enactment with expectations, this good encountered the Våle Formation and Ekofisk Formation; however, the Borr Member was lone marked by bladed sandstone layers.

The good has been designated arsenic adust and volition beryllium permanently plugged and abandoned.

PL1086 was awarded successful 2021 and is the 2nd exploration good drilled successful this accumulation licence, according to the Norwegian Offshore Directorate.

"DNO announces involvement merchantability successful Ekofisk PPF task to Orlen Upstream Norway " was primitively created and published by Offshore Technology, a GlobalData owned brand.