DNO Reports Disappointing Results from Goliat

DNO says well 7122/7-5 was drilled as an exploration well on the western structure on the Goliat Field.

The well penetrated 4 reservoir targets. Preliminary results indicate no movable hydrocarbon bearing sands within any of these reservoir units.

Planned operations forward are to plug the well to the current casing shoe prior to perform a sidetrack operation into another fault segment.

The Goliat oil discovery has been confirmed by previous wells in the central and southern area, and is located 85 km north-west of Hammerfest and 50 km southeast of the Snohvit field and the drilling is being undertaken by the semi-submersible drilling rig "Polar Pioneer". The water depth is 371 meters and the well was drilled to a total depth of 2228 meters.

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