Oil discovery in the North Sea

An oil discovery has been made by StatoilHydro due south-west of the Grane field in the North Sea.

The size of the find is estimated to be in the order of 20 - 30 million recoverable barrels of oil. StatoilHydro Petroleum, as the operator of production licence 169, has completed the drilling of wildcat well 25/11-25 S. The well is located just to the southwest of the Grane field in the North Sea. 'The find is a continuation of the good start to exploration activities on the Norwegian continental shelf in 2008,' says Tim Dodson, director of exploration in Exploration and production Norway. 'This find is the fourth discover we have been involved in so far this year,' he says. StatoilHydro has previously reported a discovery in the Fram area of the North Sea and Gamma at Haltenbanken. A discovery was made at Marulk on Haltenbanken where ENI Norway is the operator and StatoilHydro has a 50 per cent ownership stake. The well is the thirteenth exploration well in production licence 169. The licence was awarded in the thirteenth concessionary round in 1991. The Grane oil is transported through a 212 kilometre long pipeline to StatoilHydro's Sture terminal in Øygarden, west of Bergen. The discovery in the M prospect is interesting and may be relevant for further investigation when seen in the context of other discoveries in the area.
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