Dana Petroleum PLC (DNX.LN), and its co-ventures said Thursday that they have discovered oil in the Jetta sidetrack well (25/8-17 A) offshore Norway.
MAIN FACTS:
-ExxonMobil Exploration & Production Norway AS, operator of production licence 027 D, is currently concluding the drilling operations on the Jetta wildcat well 25/8-17 and its sidetrack appraisal well 25/8-17 A.
-Det norske oljeselskap ASA (Det norske) conducted the drilling activity on behalf of ExxonMobil.
-The primary exploration target for these two wells was to prove the presence of petroleum in Paleocene age reservoir rocks. Oil was proven in both wells, but with less reservoir thickness than prognosed.
-Extensive data has been gathered in the reservoir zones, including pressure tests and oil samples.
-Given the close proximity of the Jetta oil discovery to existing oil producing infrastructure, further work needs to be carried out to evaluate the commerciality of the Jetta accumulation in conjunction with other fields.
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com