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StatoilHydro Completed the Drilling of 3rd Hassi Mouina Well

12-12-2007

Operator StatoilHydro and partner Sonatrach have completed the drilling and testing of exploration well number three in the Hassi Mouina licence, in the Sahara Desert in Algeria. The partners have proven and tested gas in Tournaisian sandstones in the Tinerkouk well (TNK – 1).

"We are satisfied with the drilling operation and the result from the well. This is the third positive well drilled in the Hassi Mouina licence, and the wells give us valuable information on the resource potential in the block," says Bill Maloney, senior vice president for global exploration (GEX).

The rig has moved to the next location, where the fourth exploration well – TMS 1- is  being drilled. Several appraisal wells will also be drilled on the earlier discoveries in order to to quantify the volumes with greater certainty .

The Hassi Mouina licence was awarded in June 2004. It comprises four blocks within a 23,000 square-kilometre area in the Gourara basin. The area is located in the western Sahara in Algeria, north-west of the In Salah gas field. StatoilHydro has a 75% interest in Hassi Mouina. Partner Sonatrach has 25%.