StatoilHydro makes gas discovery

StatoilHydro has confirmed the existence of gas and condensate on the Alve field in the Norwegian Sea around 16 km southeast of the Norne field.
Based on a preliminary estimate, the discovery includes three to five billion cubic metres of gas. A thin oil zone was also proven below the gas.

The find is encouraging and supports our firm belief in other opportunities we are evaluating in the vicinity, says Ørjan Birkeland, vice president for infrastructure exploration north.

Extension drilling was carried out in this production well. Due to come on stream in January 2009, it is the first production well on the Alve field.

The purpose of the exploration extension was to prove hydrocarbons in a reservoir located deeper in mid-Jurassic rocks than the resources proven in previous exploration wells on the Alve field.

Source : http://www.statoilhydro.com/