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Duster in the B prospect

September 18, 2001, 14:30 CEST

Statoil has finished drilling exploration well 24/12-4 near the Sleipner area in the North Sea without finding oil or gas.

The B prospect lies in block 24/12 of production licence 204, which was awarded in 1996. One well has previously been drilled in the block. On that occasion small amounts of oil were proven.

Morten Sola, acting sector manager in the unit new areas North Sea reports that the well has provided useful information about the area:

“We will now consider further activity in light of the results from this well and the find that was made in the previous one.”

Licence 204, which consists of blocks 24/9, 11 and 12, lies halfway between the Statoil-operated Sleipner fields and TotalFinaElf’s Frigg field on the border with the British continental shelf.

Operator Statoil has a 35 per cent stake. The state’s direct financial interest has 30 per cent, whilst the other licensees are Amerada Hess (20 per cent) and Enterprise Oil (15 per cent).