Det Norske Says Sverdrup Estimates to be Raised After Appraisal

Det Norske Oljeselskap ASA said volume estimates for the Johan Sverdrup find, which may be Norway’s biggest in almost 40 years, would rise after successful appraisal wells.

Det Norske and Statoil ASA said Jan. 3 the latest appraisal well had confirmed “good reservoir properties” at the North Sea field. Companies operating the two licenses that contain Sverdrup have estimated reserves to be between 1.7 billion and