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Hydro happy with North Sea round

March 1, 2002, 00:00 CET

"We're pleased with the awards that gave us two new operatorships," says Torstein Dale Sjøtveit, director of Hydro's business sector within Exploration and Development, Norway.

"The North Sea round gives the companies on the Norwegian continental shelf the opportunity to vacuum up resources in the vicinity of existing infrastructure.

We've got operatorships and a 50 percent ownership stake on Block 30/11. This is a part of an area we're scouring for new resources for the Oseberg installations. In addition, we got a seismic option on Block 7/1. A good deal of work must be done here before we can determine that the block holds drillable prospects," Sjøtveit comments.

"Hydro's engagement in this round is part of our long-term participation in the Norwegian sector," he adds.

According to the press release from the Norwegian Ministry of Petroleum and Energy, the following companies received new operatorships: Norsk Hydro, Statoil, Phillips and RWE-DEA, with two each, and Pelican/Dong and Kerr-McGee with one new operatorship apiece.

The following companies were awarded shares in offshore licenses: TotalFinaElf and Dong with two each, and Svenska Petroleum, Norsk Hydro, Statoil, Paladin, RWE-DEA, Enterprise and Norsk Agip with one apiece.

The North Sea Awards 2001:

Blocks or parts of blocks Company Share (percent)
7/1 Norsk Hydro (operator)
Dong
60
40
30/11 (part) Norsk Hydro (operator)
Enterprise
50
50
2/9 (part) Philips (operator)
Dong
70
30
2/4 (part) Phillips (operator)
Norsk Agip
Norsk Hydro
Statoil
TotalFinaElf
SDFI
35.112
12.388
6.654
0.950
39.896
5.00
33/12 (part) Statoil (operator)
SDFI
70.00
30.00
30/6 (part) Statoil (operator)
TotalFinaElf
RWE- DEA
Paladin
Svenska
SDFI
18.00
18.00
13.50
9.00
4.50
37.00
30/2 (part) RWE-DEA (operator) 100
34/9 (part) RWE-DEA (operator) 100
33/9 (part) Kerr- McGee (operator) 100
1/3 (part) Pelican/Dong (operator 100

 

Ministry of Petroleum and Energy press release on North Sea Round