DNO ASA and OKEA ASA have exchanged shares in two prospects offshore Norway, with drilling expected to start soon in both.

DNO will pick up 10% of a production license, PL 1119, including the Mistral prospect in the Norwegian Sea, just south of the Åsgard area. OKEA will receive a 10% interest in PL1109, which contains the Horatio prospect.

Drilling in the Mistral prospect is expected to begin soon using the semi-submersible rig Deepsea Atlantic, targeting estimated predrill volumes of 19 MMboe to 57 MMboe with a medium chance of success. Other Mistral partners include Equinor Energy AS (50% and operator), Pandion Energy AS (20%) and OKEA (20%).

In PL1109, the Horatio well is scheduled for drilling in the first quarter of 2025 using the semi-submersible rig Transocean Norge. DNO’s share of the prospect is now 20%. Other Horatio partners include OMV (Norge) AS (30% and operator), Aker BP ASA (20%) and Pandion (20%).

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