Revus drilling result of well 1/3-10

Revus Energy ASA announces the preliminary results from the Oselvar appraisal well 1/3-10. The well proved oil/condensate and associated gas, and a production test was performed proving a flow rate of 530 Sm3 oil per day.

The Oselvar discovery is located in PL 274 which is operated by DONG E&P Norge AS. The well was drilled by the Mærsk Guardian jack-up rig in 72 metres of water.

The 1/3-10 well objectives were to investigate reservoir deliverability and to acquire fluid samples for fluids characterisation. It was drilled to a total depth of 3,288 metres and stopped in sediments of Early Paleocene age.

The reservoir thickness and the expected reservoir characteristics were confirmed. The data collected proved oil/condensate and associated gas. The well was tested and the flowing rate was 530 Sm3 oil per day with a GOR of 476 Sm3/Sm3 and no water.