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Idemitsu Kosan Co.,Ltd. (Head Office: Chiyoda-ku, Tokyo; Representative Director and CEO: Shunichi Kito) is pleased to announce that its subsidiary, Idemitsu Snorre Oil Development Co., Ltd. (Head Office: Chiyoda-ku, Tokyo; President: Jun Miki)*1 has discovered, through Idemitsu Petroleum Norge AS*2 (Managing Director: Hiroshi Arikawa), an accumulation of oil by the exploration well 34/4-15S and 34/4-15A in the “Dugong” structure in PL882, in which the company owns a 20% interest.
The discovered Dugong structure is located in the Norwegian North Sea, approximately 10 km west of the Snorre field, in which the company owns a 9.6% interest. Idemitsu acquired the interest of production license 882 in 2019.
The well 34/4-15S and 34/4-15A encountered oil-bearing reservoirs in the Upper Jurassic sandstone and the Middle Jurassic Brent Group.
The discovery will be assessed for considering the development.
License Summary
| License name | PL 882 | |
|---|---|---|
| License Share in PL 882 ●Operator |
Idemitsu Petroleum Norge AS | 20% |
| ● Neptune Energy Norge AS | 40% | |
| Concedo AS | 20% | |
| Petrolia NOCO | 20% | |
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