Oil discovery boosts Frigg area Print E-mail
Thursday, 15 October 2009 00:00
Partners in production license 442 have found more oil in the Frigg area. Operator StatoilHydro stated that Frigg Delta, Frigg Gamma and Frigg Epsilon combined, could hold between 60 and 190 million barrels of recoverable oil equivalents. Det norske has a 20 percent ownership interest, corresponding to between 12 and 38 million boe.
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Det norske`s share of the Frigg east discovery, between 12 and 38 million barrels of oil equivalent, is considerably more than what is listed in the annual reserve report submitted to the Oslo Stock Exchange in March this year.

The discovery was made in exploration well 25/2-17 in the Frigg Delta prospect. The well is located about 21 kilometres to the east of the abandoned Frigg field, one of early North Sea giants, and only 12 kilometres north of the Frøy discovery, where Det norske holds a 50% ownership interest. Discovery well 25/2-17 found sandstones with good reservoir properties in the Frigg formation. The discovery was made at 120 meters water depth. Comprehensive data collection and sampling were carried out. No formation test was performed.

This discovery confirms the resource potential in the Frigg-area. Based on the considerable present volumes, Det norske looks favorable on the possibility that the discovery is economically viable. Det norske has ownership interests also in nearby discoveries, Frøy, Fulla and Tir, and will contribute to good area solutions that can help maximise value, both for the companies involved and the Norwegian society.

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Stakeholders in production license 442 are:
StatoilHydro                       40 percent (Operator)
Det norske                         20 percent
Svanska Petroleum            40 percent 


About Det norske (DETNOR`):

Det norske is the second-largest operating company on the Norwegian Continental Shelf with 28 operatorship and interests in a total of 51 licenses. Det norske is the operator of the Frøy Field development and will also operate eight to nine exploration wells in the North Sea and Norwegian Sea during 2009. Det norske's scope of activities is limited to the Norwegian Continental Shelf (NCS).

Det norske currently employs a staff of more than 140 and the strong growth rate continues. The company`s registered office is located in Trondheim and the headquarter operations is divided between Oslo and Trondheim. The company also has offices in Harstad, and Stavanger.