Det norske Announces Production Increase

In May, Det norske’s production increased by over 250 percent. The first well on the Jette field came on stream 19 May. Both wells at Jette are now producing stable and production figures for June is almost doubled from May.

Det norske has an ownership interest of 70 percent, and Jette is expected to yield a production of between 6,000 and 7,000 barrels of oil per day. This will triple Det norskes production. In addition, Det norske is a licencee in four producing fields: Atla (10 percent), Jotun (7 percent), Enoch (2 percent) and Varg (5 percent).

Det norske’s cumulative production ended at 545,000 barrels of oil equivalents in 2012. Production in the fourth quarter was 255,000 barrels of oil equivalents, almost double the 138,000 barrels produced during the fourth quarter of 2011. The oil was sold at an average price of USD 114.5 per barrel, up 2.7 percent compared to USD 111.5 per barrel in 2011.

Productive Atla

Det norske startet production on the Atla field in October 2012, barely two years after the discovery was made. The field har become an important contribution to Det norske’s production volume.Det norske’s 10 percent interest in the field yielded a production of 2,000 barrels of oil equivalents per day in the fourth quarter of 2012. Before production started on Atla, the field was expected to yield production of about 1,400 barrels of oil equivalents per day for Det norske.

Glittering Glitne

In 2013, Det norske concluded its production at Glitne, nine years after production on the field was scheduled to end. The story of the recovery of Glitne illustrates the importance of measures that promote increased oil recovery and extend the useful life of mature fields. Glitne has been a success story for the Norwegian petroleum industry. When the PDO was submitted in 2000, the expected lifetime of the Glitne field was less than three years. Cooperation between all involved parties, improvement measures on the process and the well side and continuous drilling of new wells have resulted in a fourfold extension of the field’s life. When production on Glitne ended, the field had produced 56 million barrels of oil, twice the original estimate. Now that production has come to an end, we know with certainty that all the available resources have been recovered. What remains to be done in 2013 is a good, safe and professional abandonment of the field.

Press Release, July 03, 2013