StatoilHydro: Oil discovery close to the Vigdis field (North Sea)

StatoilHydro has struck oil during the drilling of an exploration well and a sidetrack north of the Vigdis East field in the North Sea.

The proven recoverable resources are estimated at about 25 million barrels of oil. The well confirmed the existence of a 280-metre oil column in rocks with good reservoir properties.

“Our exploration activities close to fields on stream are successful and the discovery again confirms that there is still a great potential in this part of the North Sea,” says Tom Dreyer, StatoilHydro ’s vice president, infrastructure-led exploration, North Sea.
FinChannel