Xana Well Spuds Offshore Denmark

Norwegian Energy Company (Noreco) reported Tuesday that the drilling of the Xana exploration well in license 9/95 on the Danish continental shelf has begun.

The Xana well is located close to the Svane gas discovery and is being drilled by the Noble Sam Turner (400' ILC) rig. The main target consists of Upper Jurassic sandstones that are approximately 15,100 feet below the seabed. Noreco said that the estimated time to reach target depth is around 140 days.

Noreco CEO Tommy Sundt said in a company statement:

"While some have had their attention on the company's financial challenges recently, our exploration and operations experts have focused on ongoing business and concentrated on preparations for this exploration well. They have done a good job."

Noreco estimates that the chance of success of the Xana well is 27 percent and that the prospect could contain between 130 and 235 million barrels of oil equivalent, mainly in the form of gas.

Maersk Oil is the operator of the license, with an ownership of 42.6 percent. Noreco holds a 20.1 percent stake, while DONG E&P and Danoil Exploration hold stakes of 27.3 percent and 10 percent respectively.


Have a news tip? Share it with Rigzone!
Email news@rigzone.com


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.

Our Privacy Pledge

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Aker Solutions to Buy Brazilian C.S.E (Oct 21)
 -  Sea Trucks Group Secures Work Offshore... (Oct 21)
 -  Shell Divests Non-Core Oil, Gas Proper... (Oct 21)
 -  Petrofac Appoints New CFO (Oct 21)
 -  Wheatstone LNG Development Start-Up in... (Oct 20)

Most Popular Articles

From the Career Center
Jobs that may interest you
Field Maintenance Controls Technician
Expertise: Maintenance Technician|Rig Mechanic
Location: Eighty Four, PA
Maintenance Supervisor - Drilling
Expertise: Maintenance Manager|Rig Mechanic
Location: Eighty Four, PA
Whipstock Welder
Expertise: Rig Welder|Welding|Workshop
Location: Lafayette, LA
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours