DEA finalise Change in Dvalin licence

DEA finalise Change in Dvalin licence

Partners are Petoro with a 35 per cent share, and Edison Norge with a 10 per cent share. DEA has taken 10 per cent from Maersk Oil and another 5 per cent from Edison. Petoro has come in to the licence, taking over 20 per cent from OMV (Norge), 10 per cent from Maersk and as well 5 per cent from Edison.

“We are very pleased with this new partnership, and especially to have Petoro on board. Having the partnership officially in place gives us the opportunity to fully focus on developing the Dvalin field”
, says Hans-Hermann Andreae, Managing Director of DEA Norge. The Dvalin gas field, previously known as Zidane, discovered in 2010, is DEA’s first own operated field development project in Norway. The field is located in Production Licence (PL) 435, approximately 15 kilometres northwest of the Heidrun field and 35 kilometres south of the Skarv field in the Norwegian Sea. The licence was awarded in the Awards in Predefined Areas (APA) 2006. The Plan for Development and Operation (PDO) was submitted to the Authorities in October 2016. First gas is expected in 2020 and it is planned to produce a total volume of approximately 18.2 billion cubic metres of natural gas from two reservoirs. The development cost is estimated to 1.1 billion Euros (10 billion Norwegian Kroner).   Source: DEA Oil and Gas Press Oil and Gas News Undiluted !!! “The squeaky wheel gets the oil” Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook]]>

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