StatoilHydro discover gas in the Barents Sea Ververis prospect

StatoilHydro discover gas in the Barents Sea Ververis prospect

StatoilHydro has confirmed the existence of gas in the Ververis prospect in the Barents Sea, whereas an exploration well in the Stetind prospect in the Norwegian Sea turned out to be dry. This is the 13th discovery on the Norwegian continental shelf that StatoilHydro is involved in this year. Full text

Det norske discovery on Draupne may open other prospects

2008.04.16 - Field Development

CEO Erik Haugane of Det norske states that the results of the discovery are definitely encouraging for the company:
- We will now proceed to analyze the well results and most likely drill an appraisal well in
2009. The discovery is interesting, but the final size and commercial potential are dependent upon the results of further analyses. It is likely that this discovery will lay the foundation for commercial recovery of two adjacent earlier oil discoveries, Hanz and West Cable. Moreover, Lundin`s discovery, Luno, is located in the vicinity of Draupne, enabling a possible joint development.

Licensees in Draupne are Det norske with a 35% interest, StatoilHydro with 50%, and PA Resources with 15%.




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