Project Profile
Location: 33 kilometres west of the Ula field, Blocks 7/7, 7/8 and 7/11
Water Depth: 80 metres
The Geite prospect is a large four-way-dip closure that lies about 33 kilometres west of the Ula field, in a water depth of about 80 metres. The other partners in PL497 and PL497B include operator Det Norske Oljeselskap on 35%, Dana Petroleum on 25% and Lotus Exploration & Production with the remaining 10%. The Triassic Geite Prospect is a large 4-way-dip closure. Key uncertainty is trap definition
Operators:
Det norske oljeselskap ASA: Operator with 35% interest
Dana Petroleum Norway AS: 25% interest
Bridge Energy AS: 15% interest
Cairn Energy: 15% interest
Lotos E&P Norge AS: 10% interest
Contractors:
Maersk: Drilling contractor