09-09-09 Integrated oil and gas major StatoilHydro recently discovered a new oil and gas location in the Nona prospect, 10 km south east of the Asgard field in the Norwegian Sea.
The well 6407/2-5S was drilled to a depth of 3,289 meters below sea level. Based on preliminary calculations, the size of the find is between 13 and 31 mm barrels of oil and 1-2 bn cm of gas. Management is optimistic about the discovery and affirms the possibility of other new finds in this area.

Despite maturity of the Norwegian Continental Shelf region, the Norway-based company is well positioned to sustain its production from this area at current levels for the next few years.
Internationally, Statoil plans to continue a high level of exploration activity to develop the company's resource base.