TITLE

Ambitious independent seeking growth via the drillbit

PUB. DATE
August 2008
SOURCE
Offshore;Aug2008, Vol. 68 Issue 8, p134
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the fast-paced development of the Det Norske Oljeselskap (DNO) oil company in the oil well drilling industry. DNO completed its merge with Pertra on July 2008 and is second to the largest Norwegian oil company and ranked second operator on the Norwegian continental shelf with 23 operatorship. It has 45 licenses, a rig capacity to drill a large number of operated wells, and a busy drilling schedule with its aim to drill 3 operated wells this year and 9 more in 2009. Moreover, 8 oil well discoveries were added in the company's portfolio including that at Storskrympten in the Varg block, the Draupne exploration well, and Statoil ragnarock find which they partnered with. The company has a modest production base of around 2000 b/d of oil from the Jotun and Glitne fields.
ACCESSION #
33881318

 

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