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Gold/Mining/Energy : Lundin Petroleum LUPE Sweden

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To: Tomas who wrote (532)5/21/2004 5:21:20 PM
From: Tomas  Read Replies (1) of 646
 
Hydro finds surprise barrels below Brage
OilPort, May 21

Norsk Hydro and partners have another oil find set lower than the main reservoir of their Brage field, it was learned Friday.

The oil pocket lies in “a lesser oil zone lying at a deeper stratigraphic level” in Jurassic sandstone akin to Brent’s.

Oil — just under a million standard cubic metres of it — flowed while well 31/4-A-30 B drilled to better grasp the geology of the Brage field.

Parters Hydro (20 percent, operator), Paladin (20 percent), Esso (16.4 percent), Petoro (14.3 percent), Statoil (12.7 percent), Eni (12.3 percent) and OER (4.4 percent) stand a good chance of quickly connecting to area production infrastructure.

oilport.net
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