Brasse, Now Bestla, Brage’s Grandma, to Tie Up with Brage as Partners Approve Field Development
08 4월 2024 - 2:01PM
Brasse, Now Bestla, Brage’s Grandma, to Tie Up with Brage as
Partners Approve Field Development
Oslo, 8 April 2024 – DNO ASA, the Norwegian oil and gas
operator, today announced that a final investment decision has been
made for the development of the Brasse field, to be renamed Bestla,
based on a tie-back to the nearby production facilities of the
Brage field. Bestla is Brage’s grandmother in Norse mythology. By
long-standing practice, all Norwegian oil and gas fields carry
Norse, Nordic or Norwegian names.
Bestla (PL740), located in the northern North Sea, is estimated
to contain 24 million barrels of oil equivalent (MMboe) in
recoverable reserves and is expected to come on stream as early as
the first half of 2027, subject to government approval of a plan
for development and operation (PDO) to be submitted later this
month.
In addition to DNO Norge AS (39.3 percent), the Bestla
partnership includes OKEA ASA (39.3 percent) as operator, Lime
Petroleum AS (17 percent) and M Vest Energy AS (4.4 percent). All
four companies are partners in Brage (DNO 14.2567 percent) which is
also operated by OKEA; this alignment of interests and a common
operator have helped speed up studies and decisions on the best way
forward.
Discovered in 2016 and appraised by five wells in 2017-2019,
Bestla will be developed with a two-well subsea tie-back to the
Brage platform located at a distance of 13 kilometers; Brage will
serve as the host facility for production, processing, and
export.
As DNO continues to build its North Sea portfolio, Bestla is
projected to add an estimated 10,000 barrels of oil equivalent per
day on a net basis to the Company at peak production. Longer term,
Bestla will extend the commercial viability of the Brage
facilities, allowing DNO and partners to squeeze more oil and gas
out of Brage which has been in production since 1993.
DNO has two other new fields under development offshore Norway,
namely Andvare (32 percent) and Berling (30 percent). Separately,
the Company is maturing a string of recent North Sea discoveries
towards development. In 2023, DNO was the third most active
exploration driller on the Norwegian Continental Shelf and ranked
second in discovered volumes with an estimated 100 MMboe net to the
Company. DNO has prioritized near-infrastructure exploration in
areas with clear routes to commercialization of discoveries and has
been an early mover in acquiring substantial acreage positions in
selected areas which have since become exploration hotspots.
–
For further information, please
contact:Media: media@dno.noInvestors: investor.relations@dno.no
–
DNO ASA is a Norwegian oil and gas operator active in the Middle
East, the North Sea and West Africa. Founded in 1971 and listed on
the Oslo Stock Exchange, the Company holds stakes in onshore and
offshore licenses at various stages of exploration, development and
production in the Kurdistan region of Iraq, Norway, the United
Kingdom, Côte d'Ivoire, Netherlands and Yemen.
This information is subject to the disclosure requirements
pursuant to §5-12 of the Norwegian Securities Trading Act.
DNO ASA (TG:NK1A)
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부터 9월(9) 2024 으로 10월(10) 2024
DNO ASA (TG:NK1A)
과거 데이터 주식 차트
부터 10월(10) 2023 으로 10월(10) 2024