Phillips Hits Offshore Denmark

Phillips Petroleum has discovered oil in license 5/98 offshore Denmark in the North Sea. The Hejre-1 well was drilled by Ensco International's Ensco 70 to a depth of 17,273 feet below sea level. "An extensive evaluation program in the well has shown very good reservoir qualities. On basis of this, no further production was considered necessary," the Danish Ministry of Environment and Energy said, adding that the oil discovery size is under evaluation.

Drilling on the site began in April of this year. The well has been plugged and abandoned. Ensco 70 will now drill the Svane-1 exploration well in license 4/98.

Partners in license 5/98 are Phillips Petroleum International Corporation Denmark with a 30 percent interest Saga Petroleum Denmark a 25 percdent interest which will be transferred to Norsk Hydro, Veba Oil and Gas Denmark with a 25 percent interest and DONG with the remaining 20 percent.