Altinex: Brage Onstream, Production Exceeds Expectations

Altinex ASA said that Norsk Hydro has started production from the new well, 31/4-A-16 B, on the Brage field. The well was 5,643 meters long and was completed in the Statfjord reservoir, with initial production close to 13,000 boe/d of oil (1,650 boe/d net to Altinex).

The increase in production from the new well is approx. 1,000 boe/d more than expected (net to Altinex). With all wells producing, the Brage field may yield a total production of more than 4,000 boe/d net to Altinex. A-16 B is the first of several wells planned to be drilled in the Brage field and adjacent prospects over the next years. Activities on the next production well, 31/4-A-40 A, have already started.

Altinex has an owner interest of 12.6247 % in the Brage field.

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