Oil find in Gulf of Mexico
Norsk Hydro is a partner in exploration activities in the Gulf of Mexico, including the Lorien exploration well on the Green Canyon Block 199. The block's operator, ConocoPhillips, today announced a discovery in the well, located some 150 miles south-southwest of New Orleans.
The Lorien exploration well was spudded February 16, 2003, and drilled in 2,177 feet of water to a total depth of 18,703 feet (17,432 feet true vertical depth), encountering more than 120 feet of hydrocarbons in a high-quality reservoir interval.
The well has been temporarily suspended, pending further appraisal of the hydrocarbon zone.
ConocoPhillips is operator with a 65 percent stake. Other partners are Noble Energy with 20 percent, Hydro at 10 percent and Davis Offshore with 5 percent.