DNO has been given the official go-ahead to develop the Jette field in the Norwegian sector of the North Sea . . . blocks 25/7 and 25/8 . . . as a subsea satellite to its existing Jotun asset.
Jette contains about 14million barrels oil equivalent, based on a 30% recovery rate. Estimated development costs are some $440million and production is scheduled to start in Q1 next year.