StatoilHydro makes discovery off Newfoundland

ST JOHNS, NEWFOUNDLAND: StatoilHydro has made a discovery in the Flemish Pass offshore Newfoundland, discovering hydrocarbons while drilling the deepwater Mizzen prospect on exploration license EL 1049 with Transocean semisubmersible Henry Goodrich.

StatoilHydro will analyze the well results further to determine the potential of the discovery, and an application for a Significant Discovery License (SDL) will be filed over the coming months. "The drilling operation, conducted at a water depth of 1,100 meters (3,608 feet) and during the heart of the North Atlantic winter storm season, was very challenging," said Erik Abrahamsen, StatoilHydro Canada's vice president of East Coast Operations."We are very pleased with the way that the rig, its crew and the local supply community successfully met the challenges." StatoilHydro is the operator of Mizzen with a 65 percent working interest. Husky Energy Inc. participated in the drilling of the well for a 35 percent interest.

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