Obesum prospect proves hydrocarbons

Hydrocarbons have been proven in the Obesum prospect in 364 m (1,194 ft) of water in the Barents Sea.

Offshore staff

STAVANGER -- Hydrocarbons have been proven in the Obesum prospect in 364 m (1,194 ft) of water in the Barents Sea. StatoilHydro is the operator and has 100% interest in the license.

This is the fourth find on StatoilHydro-operated licenses on the Norwegian continental shelf in 2008.

Drilling in the Obesum prospect in production license 228 in the Barents Sea is complete. Hydrocarbons were proven in sandstone from the Triassic Age, and extensive data acquisition has been conducted.

The results from the well show that the reservoir contains both oil and gas. According to the company, it is too early to estimate the size of the finds and further data processing is required. The company plans to drill another well in this license area in 2008.

This was the first well in production license 228 that was awarded in the Barents Sea licensing round in 1997.Polar Pioneer drilled the well to a total depth of 2,825 m (9,268 ft) below sea level, and was completed in Triassic rocks. The well will now be permanently plugged and abandoned.

03/07/2008

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