Oil discovery at Thunder Bird in deepwater Gulf of Mexico

June 21, 2006, 18:00 CEST

Hydro owns a 25 percent working interest in the Thunder Bird field prospect, located in Mississippi Canyon Block 819 in the Gulf of Mexico, where an oil discovery has been announced.

“We are very encouraged by this discovery. Further delineation will determine the full success of the find,” says Jose Nevarez, Vice President of Exploration & Development in Hydro's Gulf of Mexico business unit.

Thunder Bird is the continuing development of the Thunder Horse Basin where Hydro also has the Thunder Hawk field, and where the Thunder Ridge prospect will be drilled later this year.

The development options for the Thunder Bird discovery have not been finalized, but the oil found there will likely be produced as a subsea tie-back to a facility nearby.

Partners in the field
Murphy Exploration and Production Company (USA) (operator) 37,5 percent
Hydro 25,0 percent
Dominion Exploration & Production, Inc. 25,0 percent
Marubeni Offshore Production (USA) Inc. 12,5 percent