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RPT-Norway questions potential of Shell’s Ormen Lange

Reuters

Fri Oct 30, 2009 4:12am EDT

OSLO, Oct 30 (Reuters) – Royal Dutch Shell (RDSa.L) has made a gas discovery at Norway’s Ormen Lange field, but there is renewed uncertainty about the field’s overall potential, the Norwegian Petroleum Directorate said on Friday.

“The result of this appraisal well will be incorporated into a major interpretation task aimed at providing a better resource estimate for the Ormen Lange field. It is uncertain whether the original upside potential can be realised,” the directorate said in a statement. Shell is the operator of production licence 209 with a 15 percent interest, with Norway’s StatoilHydro (STL.OL) holding a 40 percent interest, state-owned Petoro 35 percent and ExxonMobil (XOM.N) 10 percent.

(Reporting by Oslo newsroom)

REUTERS ARTICLE

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