StatoilHydro upgrades Dagny discovery estimates

The Dagny discovery in the North Sea is estimated to contain between 130 and 170 MMboe after completing a sidetrack well, according to StatoilHydro.

Offshore staff

OSLO -- The Dagny discovery in the North Sea is estimated to contain between 130 and 170 MMboe after completing a sidetrack well, according to StatoilHydro.

The purpose of the sidetrack was to delineate the Dagny discovery in order to determine the oil/water contact. Including the Ermintrude find, the total recoverable volume is estimated at 180-240 MMboe, the company says.

The appraisal wells on the Dagny structure confirm that Dagny and Ermintrude, which were confirmed in 2007, have identical pressures and are located in the same structure. A joint development of Ermintrude and Dagny phased in to the Sleipner field is being evaluated.

Gas was confirmed in the Dagny discovery as early as in 1978. A creative exploration organization presented the idea that there might be an oil column below the gas.

10/10/2008

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