Norwegian Energy Company Asa News

Niobe Exploration Well Dry

  The Niobe exploration well has been drilled to target depth without encountering hydrocarbons. The well will now be plugged and abandoned. Spudded on 8 June 2015 the well was drilled by the jackup drilling unit Ensco 100 in the P1889 licence, close to the Beatrice oil field in the Outer Moray Firth area off the north east coast of Scotland. Norwegian Energy Company (UK) Ltd, a subsidiary of Norwegian Energy Company ASA, is partner in the licence with a current equity interest of 22.5 per cent.

Niobe Exploration Well Spudded

  Drilling of the Niobe exploration well in UK licence P1889 has started. The Norwegian Energy Company ASA (Noreco) group is partner in the licence with a current equity interest of 22.5 per cent. The licence is located in blocks 12/26b and 12/27 close to the Beatrice oil field in the Outer Moray Firth area off the north east coast of Scotland. The well is being drilled by the jackup drilling unit Ensco 100. The main target is in a stratigraphic pinch-out trap in Late Jurassic sands 940 meters below mean sea level. Drilling time to target depth is estimated to 31 days. Noreco estimates

Xana Well Spuds Offshore Denmark

  Drilling of the Xana exploration well in licence 9/95 on the Danish continental shelf has started. Norwegian Energy Company ASA (Noreco) is partner in the licence with an ownership of 20.1 per cent. The licence is located close to the gas discovery Svane. The well is being drilled by the jackup drilling unit Noble Sam Turner. The main target is upper Jurassic sandstones, ca 4 600 metres below the seabed. Drilling time to target depth is estimated to approximately 140 days. “While some have had their attention on the company’s financial challenges recently, our exploration

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