Noreco’s Oselvar well confirms good reservoir characteristics
Stavanger, January 4th, 2008:
Norwegian Energy Company ASA (Noreco) today announced the results of an appraisal well on the Oselvar discovery in license PL274 on the Norwegian continental shelf. Oil/condensate and associated gas was proven, and the well was tested with a flowing rate of 4,920 barrels of oil equivalents per day. The results confirm reservoir thickness and good reservoir characteristics. Noreco owns 15% of the license.