Det Norske Achieves 4Q Increase in Production

Norway-focused independent producer Det norske oljeselskap reported Wednesday that it achieved a 6.8-percent quarter-on-quarter increase in its net production to 62,600 barrels of oil equivalent per day during the three months to December 31, 2014.

A 4Q production update showed that the Det norske-operated Alvheim field significantly improved its production compared to the previous quarter, delivering a 13-percent increase to 42,700 barrels of oil equivalent per day. Its Volund field also improved production to 11,100 boepd – a 2.8-percent increase.

Det norske's two other operated fields – Vilje and Jette – both experienced production declines, while the non-operated Atla, Varg and Jotun Unit also saw a decrease in production volumes.



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