There are already two discoveries on the license (Galtvort and Tau) and 5 other identified prospects. The unrisked potential for Noreco in the license is estimated to 15-20 million barrels of oil equivalents net to Noreco.
Noreco runs a selective exploration program, with focus on exploration wells that have a high value creation potential for Noreco. In 2009, Noreco will be involved in five exploration wells, of which two have been drilled already resulting in the recent significant Gita discovery in Denmark. Gygrid is the third well on the programme. The next well to start is Grossbeak in Norway operated by Wintershall, where drilling is expected to start shortly.
