Exploration/discoveries

Norway Logs Largest Hydrocarbon Discovery in 10 Years

Preliminary evaluation indicates gross recoverable resources of 120 million–230 million BOE.

The Carmen prospect in the Norwegian North Sea.
The Carmen prospect in the Norwegian North Sea.
Source: Wellesley.

Norwegian oil and gas operator DNO announced a significant gas and condensate discovery on the Carmen prospect in the Norwegian North Sea, License PL1148.

Preliminary evaluation of comprehensive data, including cores and fluid samples acquired from the discovery well and a follow-on extended sidetrack, indicates gross recoverable resources in the range of 120 million–230 million BOE. At 175 million BOE, the midpoint of the range, Carmen ranks as the largest discovery on the Norwegian Continental Shelf since 2013.

The two wells have established a deeper hydrocarbon/water contact, tripling the midpoint of DNO’s predrill expected range.

DNO holds a 30% interest in PL1148. The other partners in the license are Wellesley Petroleum as operator with 50% interest and Equinor and Aker BP with 10% each.