Prospect B in Block 24/12 a Duster

Statoil has finished drilling exploration well 24/12-4 near the Sleipner area in the North Sea without finding oil or gas.

The B prospect lies in block 24/12 of production license 204, which was awarded in 1996. One well has previously been drilled in the block. On that occasion small amounts of oil were proven.

Morten Sola, acting sector manager in the unit new areas North Sea reports that the well has provided useful information about the area: "We will now consider further activity in light of the results from this well and the find that was made in the previous one."

License 204, which consists of blocks 24/9, 11 and 12, lies halfway between the Statoil-operated Sleipner fields and TotalFinaElf's Frigg field on the border with the British continental shelf. Statoil has a 35 percent interests, the state's direct financial interest has a 30 percent interest, Amerada Hess has a 20 percent interest and Enterprise Oil holds the remaining 15 percent.