Norsk Hydro Announces Another Successful Well on Oseberg

Norsk Hydro made another oil discovery in the Jurassic sandstones in Block 30/9-20S in the Oseberg field, which is located in North Sea. The purpose of this well was to identify commercial oil reserves in an effort to adjust Oseberg South reserves upward.

The well was drilled by Transocean Sedco Forex’s semisubmersible, Transocean Arctic, in approximately 330 feet of water, to a total depth of 10,079 feet. Norsk Hydro has acquired almost 200 feet of core samples and implemented a far-reaching logging and testing program in the well which was subsequently plugged and permanently abandoned.

Partners in Oseberg are Norsk Hydro as operator with a 34% interest; Conoco with 11%, Statoil with 20%, Petoro with 30% and ExxonMobil with remaining 5%.