StatoilHydro Proves Hydrocarbons at C Ost Prospect

The Norwegian Petroleum Directorate reports that StatoilHydro Petroleum AS, operator of production licences 090 and 090D, has concluded drilling of a development well with an exploration target, well 35/11-B-23-H in the Fram area. The well is located 10 kilometers north of Troll.

The purpose of this well was to prove petroleum in Middle Jurassic reservoir rocks in the C Ost prospect. The well proved petroleum. The size of the discovery is from 3-6 million Sm3 oil equivalents, most of which is oil.

The licensees in the production license will consider producing the discovery to the Fram field. Many exploration wells have been drilled in production license 090. This is a commitment well for production license 090 D, which was awarded in APA 2005.

The well was drilled to a vertical depth of 2,525 meters below the sea surface, and was concluded in the Early Jurassic.

The part of the well that encountered the exploration target will now be permanently plugged and abandoned.

Well 35/11-B23-H was drilled using the Bideford Dolphin rig, which will now continue drilling on Fram.

The licensees in production licenses 090 and 090 D are StatoilHydro ASA with 20% interest, StatoilHydro Petroleum AS with 25%, Gaz de France Norge AS with 15%, Idemitsu Petroleum Norge AS with 15% and Mobil Development Norway AS with 25% interest.