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StatoilHydro trumpets oil, gas finds


Published Aug 25, 2008
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StatoilHydro and partners have discovered a “considerable” oil column near the Sleipner platform in the North Sea, and on Monday heralded another gas find farther north in the Norwegian Sea.

The announcements make it three for offshore Norway in four days, after a gas strike in the Barents Sea off northern Norway declared on Friday. The oil company said oil has been confirmed below the Dagny structure and gas at the Snefrid South prospect.

Well 15/5-7 found the 100-metres Dagny oil column, while well 6706/12-1 found the gas, making it up to 125 million barrels of oil equivalents for both new discoveries.

The oil showed the Sleipner area — site of a European Union carbon-storage project — is still prospective, and the company is already thinking development via the field’s infrastructure.

The Norwegian Sea gas well showed a 70-metre gas column and could contain four4 billion standard cubic metres of recoverable gas. Transocean semi-submersibles made both discoveries.

StatoilHydro is joined at the discoveries by ExxonMobil (oil and gas), ConocoPhillips (the gas find) and Total (the oil find).

Tags: ConocoPhillips, ExxonMobil, StatoilHydro, Total




   

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