Sources: DetNorske, Noreco, NPD
Shell (NYSE:RDS-A) (NYSE:RDS-B) has, as operator for Production License 392, commenced drilling operations on the Dalsnuten prospect with exploration well 6603/5-1S.
Dalsnuten is a large gas prospect, located about 370 kilometers offshore Norway in the Norwegian Sea.
The prospect is being drilled by the semisubmersible drilling rig Aker Barents at a water depth of about 1,450 meters.
Production License 392
The license is located in the Voring Basin, west of the Gro gas discovery, at a water depth of 1,350 to 1,500 meters.
The Dalsnuten well will test new exploration models in this part of the Norwegian Sea. These models has proven to be successful in the Haltenbanken area, and could open similar opportunities in the deepwater parts of the Norwegian Sea.
Several other prospects have been identified in the license, which independently of Dalsnuten, could create opportunities to test exploration models that have proven feasible in other parts of the Norwegian Sea.
According to the Norwegian Petroleum Directorate, the current licensees on the production license are Shell with 40% interest, BG with 20 percent interest, ConocoPhillips with 20 percent interest, and Statoil with 20 percent interest.
Noreco recently farmed in to the license with a 10% share. This transaction is subject to approval by Norwegian authorities and the license partnership.
Det norske will have a 10% ownership interest in the license when drilling operations has been completed.