StatoilHydro high bidder on 16 Alaska leases

StatoilHydro was the high bidder on 16 leases, of which 14 were joint bids with ENI Petroleum, in Chukchi Sea Lease Sale 193 in Alaska.

Feb 11th, 2008

Offshore staff

STAVANGER, Norway -- StatoilHydro was the high bidder on 16 leases, of which 14 were joint bids with ENI Petroleum, in Chukchi Sea Lease Sale 193 in Alaska. StatoilHydro will be the operator of all leases, which are located 60 km (37 mi) north of the Burger gas discovery in the Chukchi Sea.

The Chukchi Sea lease sale area comprised 5354 blocks of 5609 acres in water depths from 20 m (66 ft) to 80 m (262 ft).

StatoilHydro's winning bids are subject to review and final approval by the MMS.

02/08/2008

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