The Enoch field is located on the Norwegian-UK cross-boarder with 80% on the UK side and 20% on the Norwegian side. The field is located on the UK block 16/13a and on the Norwegian block 15/5 southwest of the Glitne Field. The field was discovered in 1985 and current operator is Talisman. The field is developed by a single subsea completed horizontal well tied back to the UK Brae A platform located 16 km northwest of Enoch. Expected initial gross production is 12-14 000 bbl/day oil and 550-600 000 Sm3/d gas. The oil will be processed on the Brae platform prior to export via the Forties pipeline network.
DNO AS holds a 2% unitized interest in the Enoch field. Talisman North Sea Limited (24%) and Talisman LNS Limited (1.2%) hold a 25.2% unitized interest in the Enoch field and act jointly as the Field Operator. Remaining unitized interest in Enoch includes Dyas UK Limited (14.0%), Bow Valley Petroleum (UK) Limited (12.0%), Roc Oil (GB) Limited (12.0%), Dana Petroleum (E&P) Limited (8.8%), Endeavour Energy (UK) Limited (8.0%), Statoil ASA (11.78%), Altinex Oil AS (4.36%) and DONG E&P Norge AS (1.86%).
DNO ASA
June 1, 2007
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Contact:
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Media: |
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Helge Eide, MD DNO ASA |
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+47 23 23 84 80 |
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Ketil Jørgensen, Crux Communication (Norway) |
Telephone |
+47 930 36 866 |
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Ben Willey, Buchanan Communications (UK) |
Telephone:
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+44 207 466 5000 |
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Investor Relations: |
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Haakon Sandborg, CFO DNO ASA |
Telephone: |
+47 23 23 84 80 |
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Robert Arnott, Advisor (UK) |
Telephone |
+44 207 839 7764 |