Capex Data
Det norske, in 2009, has an extensive exploration programme. The company will operate nine exploration wells, and in total participate in 12-14 exploration wells. The cost of the exploration programme will be NOK 1,4 billion and is already fully financed.
Future Plans
At the beginning of the year, Det norske oljeselskap will have NOK two billion available in cash, after the sale of license interests in Goliat and Yme. During the year, Det norske will be the operator of nine wells, and in total participate in 12-14 exploration wells. The exploration programme is financed independently of the sales revenue from Goliat and Yme, with a budget of NOK 1,4 billion. The high level of activity consolidates Det norske's position as the most competitive Company on the Norwegian Continental Shelf.
Approaching 2009, Det norske has no long term interest-bearing debt, and NOK two billion in cash and cash equivalents. With revenue from production, the Company will have financial muscle to do business for many years to come.
Drilling Plans
Det norske, in 2009, has an extensive exploration programme. The company will operate nine exploration wells, and in total participate in 12-14 exploration wells.
The cost of the exploration programme will be NOK 1,4 billion and is already fully financed.
The first well is Freke, in early January. The plan, as of today, is to follow with Eitri, Struten and Fongen. Later, in the autumn, Jetta is on the agenda. Bredford Dolphin and Deep Sea Delta are both drilling for Det norske. In summer Aker Barents will start with Geitfjellet as its first operation.