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Det Norske Updates Operations Offshore Norway

Source: www.gulfoilandgas.com 11/5/2010, Location: Europe

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Det norske oljeselskap ASA continues its ambitious strategy on the Norwegian continental shelf. The company is operator for an advanced exploration well, and is also making improvements to three development projects. A new charterparty for the Aker Barents has secured Det norske long-term rig capacity for operations in deep waters and in the Barents Sea.

CEO Erik Haugane says that Det norske has great belief in the Norwegian continental shelf.

- We are always seeking more and better areas to explore. It is important to expand our activities, not least in the north, in order to get confirmation of the vast resources that we believe are present in the Barents Sea. We will participate actively in these efforts, and our recent submission of applications in the 21st licensing round was confirmation of this.

Det norske has secured rig capacity for operations in the Barents Sea and deep waters for several years ahead. A new contract for the Aker Barents drilling rig has been signed for the period from July 2012 to July 2014.

During the third quarter, Det norske has been active in connection with awards in pre-defined areas (APA) 2010 and has submitted several applications, both as operator and partner. The company has also been active in the 21st licensing round and has submitted applications for areas in both the Barents Sea and the Norwegian Sea.

Det norske also has an ambitious exploration programme for 2011. The company is planning to participate in 11 exploration wells.

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