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This document provides a summary of exploration activities on the Norwegian Continental Shelf in 2005 and plans for 2006. It identifies 95 oil and gas play and prospect locations within the open acreage of the 2006 Awards in Predefined Areas licensing round. The results from 2005 included 12 exploration wells with 6 new discoveries that could replace up to 50% of Norway's 2005 oil production. Plans for 2006 include drilling 20-25 exploration wells and awarding 10 new production licenses. The report identifies prospectivity close to infrastructure with over 2 billion cubic meters of recoverable oil and gas resources across a range of risk levels.
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- 1. Norwegian Continental Shelf Open Acreage Prospect Screening 2006 _____________ A Listof 95 Play and Prospect locations within the APA 2006 open acreage _____________ By Stig-Arne Kristoffersen
- 2. Some results –2005: • 12 exploration wells 9 wildcat wells 6 new discoveries • Proven resources: 43 - 135 mill. Sm3 oe Replacing up to 50% of 2005 production • 2 new fields in production • 14 submitted PDOs • 45 new licenses awarded • 9 new companies pre-qualified Plans - 2006 • 20 - 25 exploration wells • 10 new companies under evaluation • 10 new PDO’s are expected • New awards in the APA 2006 and the 19th Concession Round 60 % of the NCS is opened for exploration 16 % of the opened area are currently licensed This reports contain prospects and plays close to existing infrastructure areas andin more venture areas of the NCS. In excess of 2 billion Sm3 of prospectivity A wide range both in space and time Variable risk levels with respects to reservoir, source and trap A great start-up screening report The tax value of uncovered losses derived from exploration activities will be reimbursed Disbursement of the tax value of losses carried forward when the company ceases its activities 30% uplift against special tax over four years instead of six years for new investments Contacts: Stig-Arne Kristoffersen E-mail: sak@anergy.biz Phone: +4790668292 Andre Steenmark Rødder E-mail: ar@dak.no Phone: +4795983630 __________________________ Anergy Ltd, 17. Ensign House, Canary Wharf, London E14 9XQ England