StatoilHydro completes Peon appraisal well

StatoilHydro has completed an appraisal well on the shallow Peon gas discovery in the North Sea.

Offshore staff

OSLO-- StatoilHydro has completed an appraisal well on the shallow Peon gas discovery in the North Sea.

Part of the Naust formation, this shallow deposit contains estimated recoverable resources of 15-30 bcm, the company says. The main goal of the appraisal well was to test the productivity of the discovery and to qualify the well concept for a possible development.

The semisub Transocean Winner drilled the well to a vertical depth of 640 m (2,100 ft) in 372 m (1,220 ft) of water. It will now be plugged and abandoned.

The partners in production license 318 are StatoilHydro (the operator with 60%), Petoro (20%), and Idemitsu Petroleum Norge (20%).

“We’re the first company to look at opportunities for commercial utilization of shallow gas,” says Finn Langgård, project manager for Peon. “In connection with this discovery, we’re developing new technology that will allow us to utilize gas resources of this kind.”

07/23/2009

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