Det Norske Lifts Share in Jetta Prospect Ahead of Drilling



Det norske has agreed to lift its stake in the PL 027D Jetta prospect from 35 percent to 47 percent by taking on a 12 percent stake from ExxonMobil, prior to drilling operations.

In return Det norske will carry ExxonMobil's 13 percent stake in the drilling operation. The Jetta prospect is located next to the producing Jotun field, and semisubmersible drilling rig Bredford Dolphin is scheduled to spud the well in mid−August. Det norske is operator for the drilling
operations.

The Jetta prospect exploration model carries many similarities to that of the Jotun field. A discovery could be produced from existing installations on the Jotun field and thus a fast track development of potential reserves is possible.

ExxonMobil is operator for PL 027D, and has received drilling permits from the authorities.

The agreement is subject to both partner and government approval.
 


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.