Oslo, 13 December 2023 - DNO ASA, the Norwegian oil and gas operator,
today announced successful completion of the second appraisal well on the
Bergknapp/Åre discoveries in license PL836S in the Norwegian Sea. Recoverable
volumes are currently estimated by the operator to range between 50 and 100
million barrels of oil equivalent (MMboe).
Bergknapp/Åre are located eight kilometers west of the Wintershall Dea Norge AS
operated Maria field, which is tied back to Equinor Energy AS' Kristin platform.
Wintershall Dea holds a 40 percent in license PL836S as operator, with DNO Norge
AS and Equinor each holding a 30 percent interest. DNO will now work
expeditiously with the other licensees to fast track development utilizing the
existing infrastructure in the area.
The Bergknapp light oil discovery in the Garn, Ile and Tilje formations (44-75
MMboe) was made in 2020 and subsequently appraised by re-entering and
sidetracking the discovery well in 2021. The sidetrack well also extended into
the deeper Åre formation, where additional volumes of light oil, gas and
condensate were discovered (6-25 MMboe).
DNO's 2023 North Sea exploration and appraisal program has led to four
successful exploration discoveries (Røver Sør, Heisenberg, Carmen and Norma),
two successful appraisal wells (of which one with a sidetrack that has led to a
new discovery in the same license (Ofelia/Kyrre)) and two dry holes.
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For further information, please contact:
Media: media@dno.no
Investors: investor.relations@dno.no
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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 and the EU Market Abuse Regulation.
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