Hydro find boosts Njord reserves

Hydro has found gas and condensate with its latest exploration well in the Njord area of the Norwegian Sea.

Sep 17th, 2007

Offshore staff

OSLO, Norway --Hydro has found gas and condensate with its latest exploration well in the Njord area of the Norwegian Sea.

The semisubmersibleTransocean Winner is close to concluding well 6407/7-75, located 5 km (3.11 mi) northwest of the Njord A platform in 334 m (1,096 ft) water depth. The aim was to prove petroleum in Jurassic reservoir rock.

Hydro estimates the size of the find at 1-6 bcm (35-212 bcf) recoverable of gas and 0.5-2.5 bcm (18-88 bcf) of condensate. There will be no production test. Next up for the rig will be a branch well (6407/7-B-1 Y1H) on Njord's Northwest Flank.

09/17/2007

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