The Norwegian independent’s net loss of NOK 589 million ($103.4 million) after taxes for the quarter was primarily attributed to an impairment charge as a result of revising its development plan for Jette in late August.
The company suffered setbacks with the project during the second quarter, by way of technical challenges while completing two planned production wells. An amended plan involved drilling two shorter horizontal wells in the southern segment with 600 and 1200 metres of sand screens, respectively.
However,
