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September 2007

Vol. 12, No. 35 Week of September 02, 2007

Statoil hits deep gas in Norwegian Sea

Statoil ASA has made a new deepwater natural gas discovery at the Midnattsol 281 production license above the Arctic Circle in the Norwegian Sea, not far from the Ormen Lange and Ellida gas fields. The find was made at the 6405/10-1 exploration well, the Norway-based company said Aug. 29.

While Statoil said it was too early to declare the discovery commercial, Frode Fasteland, acting head of exploration on the Norwegian continental shelf, said the company plans to participate in drilling an additional five exploration wells in the deepwater area in 2008, three of which it will operate.

“We have great faith in the Norwegian Sea and will continue to have a high level of activity in the area,” he said.

The well is the second exploration well in the license, which is held by Statoil with a 50 percent interest, EON Ruhrgas and Petoro with 20 percent each, and ConocoPhillips with 10 percent.

Drilled by the Transocean Leader at a sea depth of 3,045 feet, the well had a vertical depth of 10,361 feet below sea level, ending in the Nise formation in the Upper Cretaceous.

—Petroleum News






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