Noreco spuds well on Verdande prospect

4/9/2014

Noreco spuds well on Verdande prospect

STAVANGER, Norway -- Norwegian Energy Company ASA (Noreco) has announced that the drilling of exploration well 6608/10-16, on the Verdande prospect in license PL484, in the Norwegian Sea, has commenced.

The main objective is to find hydrocarbons in sandstones of Jurassic age. The well is being drilled with the drilling rig Bredford Dolphin and is likely to take 68-81 days.

Noreco Norway AS has a 30% interest in license PL484, and is the operator. Partners are Explora Petroleum AS (30%), Dana Petroleum Norway AS (30%) and E.ON E&P Norge AS (10%).

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