StatoilHydro reports two oil and gas finds in Oseberg sector of North Sea

Norwegian energy major StatoilHydro ASA announced two new oil and gas discoveries in the Oseberg sector of the North Sea.

The first discovery was made in a long-reach exploration well from the Oseberg C platform, StatoilHydro said in a statement.

‘The well is designed to be converted to a producer within 45 days after the discovery, giving an extremely quick turnover from prospective resources to producible reserves,’ said Oseberg project leader Trond Eide.

Forbes