StatoilHydro hits pay with Vigdis East sidetrack

StatoilHydro has struck oil during the drilling of an exploration well and a sidetrack north of the Vigdis East field in the North Sea. Water depth in the area averages 292 m (958 ft).

Offshore staff

OSLO -- StatoilHydro has struck oil during the drilling of an exploration well and a sidetrack north of the Vigdis East field in the North Sea. Water depth in the area averages 292 m (958 ft).

The proven recoverable resources are estimated at about 25 MMbbl of oil, the company says. The well confirmed the existence of a 280-m (919-ft) oil column in rocks with good reservoir properties. Extensive data acquisition and sampling took place during the drilling operation.

The purpose of the well was to confirm the existence of hydrocarbons in Lower Jurassic reservoir rocks belonging to the Statfjord group. The purpose of the sidetrack was to get a better overview of the resource potential. The discovery will be developed towards the Tordis or Vigdis fields, the company says.

03/25/2009

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