Statoil Announces Discovery on Veslefrikk Field

Hydrocarbons have been found in an appraisal well on the western flank of the Statoil-operated Veslefrikk field in the North Sea. Well 30/3-8 was drilled from the Veslefrikk A platform down to 20,367 feet. Hydrocarbons were discovered in several Middle Jurassic sandstone intervals.

"It might be relevant to apply for production testing to gather more information about the find," says Gro Aksnes, head of petroleum technology for Veslefrikk. Ms Aksnes says that the prospect is very split up, consisting of a number of displaced fault blocks.

The partners in license 052 are Statoil with 18 percent, the state's direct financial interest with 37 percent, TotalFinaElf with 18 percent, RWE-DEA with 13.5 percent, Petro-Canada with 9 percent and Svenska Petroleum Exploration holds the remaining 4.5 percent.

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