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DNO ASA Secures Rig For Jaguar Prospect

Source: www.gulfoilandgas.com 11/10/2005, Location: Europe

DNO UK Ltd., a 100 % subsidiary of DNO ASA, has entered into an agreement with Peak Well Management Ltd. for the use of the semi-submersible drilling unit Bredford Dolphin for a one well program on Block 211/22B on UKCS . Block 211/22B hosts an upper Jurassic prospect named Jaguar and the spud date of the well is estimated at around mid January 2006.

DNO secured a 60% working interest and operatorship in Block 211/22B earlier this year through a farm-in agreement with Elixir Petroleum Ltd. (Elixir) by funding 92,5% of the costs of drilling one exploration well on the Jaguar Prospect. Elixir retained a final 40% working interest in the block.

Unrisked resource potential given oil discovery is estimated by DNO in the range of 54-280 million barrels full field, with a most likely estimate of 138 million barrels - which is 83 million barrels net to DNO.

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Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


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