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StatoilHydro Concludes Drilling of Exploration Well in Norwegian Sea

Posted on: Friday, 17 October 2008, 09:00 CDT

StatoilHydro has concluded the drilling of exploration well 6707/10-2S in the Norwegian Sea. The well was drilled in production license PL218, which is located southeast of the Luva gas find and 280km west of Sandnessjoen in Norway. StatoilHydro is the operator of the license.

The purpose of the well was to confirm gas in reservoir rocks from the Late Cretaceous age in a prospect called Haklang. A 127-meter long gas column was proven in a reservoir with good production qualities. Core drilling in the sandstone was carried out and fluid and pressure samples were taken.

The size of the discovery is estimated to be between eight billion and 14 billion standard cubic meters of recoverable gas.

Oystein Michelsen, who is responsible for StatoilHydro's activities on the Norwegian continental shelf, said: "We took over as operator and increased our interest in the license to 75% in 2006. This year we have drilled two exploration wells in the area, Snefrid South and Haklang.

"The total resource potential of these three finds is expected to be in the size of 40 billion to 60 billion cubic meters of recoverable gas. This well is an important step in order to prepare for a new deepwater development in the Norwegian Sea."

Source: Datamonitor

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