Securing access in Gulf of Mexico

Photo: gulfofmexicomap.com.

Norway’s StatoilHydro was this week the highest bidder on 23 leases in the central area lease sale in the US Gulf of Mexico. StatoilHydro is one of the largest leaseholders in deepwater US Gulf of Mexico.

“The bi-annual lease rounds in the US Gulf of Mexico are important arenas for StatoilHydro to maintain and refine our portfolio here,” explains Øivind Reinertsen, heading up StatoilHydro’s upstream activities in USA and Mexico.

“The leases we acquired are in deepwater and predominantly in high quality Miocene sands, in which StatoilHydro is participating in several promising discoveries, including Tahiti, Heidelberg, Caesar/Tonga and Knotty Head,” he adds.

StatoilHydro is one of the largest leaseholders in deepwater US Gulf of Mexico. In addition to production from Independent Hub and Front Runner, both Tahiti and Thunder Hawk are projects the company participates in, which both are scheduled to come on stream this year.

In 2009 StatoilHydro will also embark on an extensive drilling programme with two new rigs coming into the Gulf of Mexico.

Source: StatoilHydro.com