STAVANGER, Norway --StatoilHydro has discovered oil southwest of Grane field in the North Sea. Recoverable reserves are estimated at 20-30 Bbbl.
The discovery was in connection with PL169 and is called the M prospect. Wildcat well 25/11-25 S was drilled to Paleogenic reservoir rock from the semisubmersibleTransocean Winner which will move to drill a lateral branch well.
Licencees in production licence PL169: StatoilHydro (operator) (57%), Petoro (30%), and ExxonMobil (13%