Oil discovery in North Sea between Statfjord and Vigdis

Apr 17, 1998 02:00 AM

Saga Petroleum ASA has made a new oil discovery in block 34/7 lying between the Statfjord East and Vigdis fields in the North Sea.
Exploration well 34/7-29S was drilled to a depth of 2,823 metres below sea level. A production test will be carried out at a later date.
Partners in production licence 089 are Saga with 7.7 %, Statoil with 55.4 %, Esso with 10.5 %, Idemitsu with 9.6 %, Norsk Hydro with 8.4 %, Elf Petroleum with 5.6 % and Deminex, a unit of Germany's Veba, with 2.8 %.

Source: not available
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