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14/05/2008 Press release 27/2008:BG Norge AS, operator of production license PL292, is completing exploration well 15/12-19 in the North Sea. The well, located south of the Varg field, proved a gas and oil accumulation in reservoirs of Jurassic (Sleipner fm.) and Triassic (Skagerrak fm.) age.

A comprehensive data acquisition programme has been carried out. The well was tested with an oil rate of approximately 750 Sm3/day.

The overall resource potential is currently being evaluated. A preliminary estimate indicates recoverable reserves of between 3 and 5 mill Sm3 of oil equivalent which also includes the 6/3-1 discovery.

Field development studies are already initiated to progress a potential development of the discovery.

The well was drilled with the Jack-Up Mærsk Guardian in a water depth of 86 meters to a total vertical depth of 3169 meters below sea level.
Production License 292 was awarded in the North Sea licensing round in 2002 to DNO as operator. The operatorship was transferred from Lundin to BG in 2005. BG has 60 per cent equity with Lundin holding the remaining 40 per cent. The well will now be permanently plugged and abandoned. The Mærsk Guardian will move to PL 274 to drill exploration well 1/3-11 for Dong.




Press contact in the NPD
Eldbjørg Vaage Melberg, tel +47 51 87 60 00

Updated: 04/09/2009