ConocoPhillips Finds Oil with Hejre-2

ConocoPhillips has completed drilling of the appraisal well Hejre-2 (5603/28-5) on the Hejre oil discovery in the North Sea. The well was drilled with the ENSCO 101 jackup.

The Hejre oil discovery was made with the Hejre-1 well in 2001. The deposit is situated in sandstone of Jurassic age with high pressures and high temperatures.

Hejre-2 was drilled as a vertical well approximately 1.1 kilometers northeast of Hejre-1 and reached total depth at 5399 meters below mean sea level in layers of pre-Jurassic age.

The well proved the presence of oil in the sandstone reservoir of Jurassic age. Oil and associated gas was produced in a test production with good production rates. The results from Hejre-2 will now be evaluated closely, with a view to develop and establish production from the Hejre discovery.

Drilling of Hejre-2 commenced on November 2, 2004 in 68 meters of water. The Hejre-2 well will be plugged and abandoned. The companies in License 5/98 are ConocoPhillips Petroleum International Corporation Denmark as operator with 30%; Petro-Canada with 25%; Norsk Hydro with 25% and DONG with the remaining 20%.