By Beate Evensen
Jan. 12 (Bloomberg) — Royal Dutch Shell Plc, Europe’s largest oil company by market value, found no oil or gas in an exploration well at the Onyx West prospect off the coast of Norway, the country’s petroleum directorate said.
The wildcat well, the third in production license 255, was located about 50 kilometers (31 miles) west of the Draugen field in the Norwegian Sea, the directorate said in a statement on its Web site today. Shell has previously found natural gas 8 kilometers away at Onyx Southwest.
The semi-submersible drilling vessel West Alpha will now move on to drill an appraisal well at the nearby gas discovery, the directorate said.
Shell is operator and holds 30 percent of the license. Norway’s state-owned Petoro AS also has 30 percent, while Statoil ASA and Total SA have 20 percent each.
To contact the reporter on this story: Beate Evensen in Oslo at [email protected]
Last Updated: January 12, 2007 02:40 EST
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