Project Profile
Location: Close to Norne field, North Sea, offshore Norway
Reserves: 53 – 236 mmboe gross (gas and oil), 39 mmboe net P50
Licence status: inactive since February 2015
Explora Petroleum has entered into an agreement with E.ON E&P Norge to acquire a share of PL 484, offshore Norway. The PL484 well planned for 2014 will be located close to the producing Norne field in an area with infrastructure, and close to other significant discoveries. The company plan to take an active role in the evaluation of the licence. PL 484 contains the Verdande Prospect, a Middle Jurassic target in a proven play northwest of Norne. Chance of Success (CoS) is estimated at 29%, with the primary risk regarded in trap presence. Reserves estimated in range 53 – 236 mmboe gross (gas and oil), 39 mmboe net P50, with considerable additional dependant prospectivity given success.
Operators:
North Energy: Operator with 38% interest
Noreco Norway AS: 30% interest
Dana Petroleum: 12% interest
E.ON E&P Norge: 10% interest
Explora Petroleum: 10% interest
Contractors:
Bredford Dolphin: Drilling contractor using Bredford Dolphin mobile drilling rig