STAVANGER, Norway --StatoilHydro has exercised a $117-million option with Seadrill for development drilling on the Sleipner West field in the North Sea.
Under the agreement, StatoilHydro will drill five or six new wells on the field between 2008-10, using the jackup West Epsilon.
The company is acquiring new seismic data over the field this year, which it hopes will lead to better-targeted drilling. The aim for the new wells will be to increase the fields' recoverable gas reserves by 9 bcm (317.8 bcf).
Sleipner West has been developed via an unmanned wellhead platform, Sleipner B, and a process platform, Sleipner T, with a seabed template at the field's northern portion.
The field has produced gas and condensates for 11 years. Current daily output is 22.6 MMcm (798 MMcf) of gas and 7,300 cu m (257,797 cu ft) of unstable condensates.