StatoilHydro Starts Production in GOM

StatoilHydro started production on Q, a well located in the Gulf of Mexico's Mississippi Canyon Block 961. This is the first well in deep GOM waters for which the company serves as operator.

With 50% interest in the Q field, StatoilHydro's gas production is expected to increase by 40% for the region.

"StatoilHydro is a major player in deepwater Gulf o Mexico, and I am pleased that we now have the first StatoilHydro-operated deepwater field producting in the Gulf of Mexico," said Pete Stracke, the company's asset manager for Independence Hub.

With subsea infrastructure tying Q back to Independence Hub, the well is the 10th to tie into the world's largest offshore natural gas processing facility. (Independence Hub is expected to reach capacity of 1 bcf/d by the end of the year.)

Despite never having served as operator for GOM fields, StatoilHydro has a history of being very active in the GOM oil and gas market. It is the second largest leaseholder in the United States' GOM deepwaters, with interest in Tahiti, Jack and Knotty Head.

The company also holds 18.33% interest Spiderman and 26.7% interest in San Jacinto. Similar to Q, both of these fields are tied back to the Independence Hub.

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