Marathon
oil discovery offshore Norway
Posted: 26 September 2003
Klegg well marks Marathon's third Norwegian discovery
in 2003
Marathon Oil Corporation, through its wholly owned subsidiary,
Marathon Petroleum Norge A/S, announced today an oil discovery on
the Klegg well (25/4-9S) offshore Norway. The discovery is located
in production license (PL) 036, which is approximately 208 kilometers
(129 miles) from Stavanger, Norway, in 120 meters (394 feet) of
water.
"The Klegg well marks Marathon's third Norwegian discovery
out of four wells drilled during 2003," said Philip Behrman,
Marathon senior vice president of Worldwide Exploration. "This
discovery further supports Marathon's plans to establish and grow
production in this new core area."
The Klegg well was drilled into the Heimdal Formation, located
approximately 11 kilometers (7 miles) north of the Heimdal platform,
to a total depth of 2,268 meters (7,440 feet). The well encountered
a gross oil column of approximately 65 meters (213 feet) containing
good quality oil. Extensive down-hole samples, core and wireline
logs were collected and are currently being analyzed. An evaluation
of development options is planned in the near term.
Marathon holds a 46.9 per cent working interest in Klegg. Norsk
Hydro holds a 28.5 per cent interest and serves as operator. The
remaining interests are held by TOTAL E&P Norge AS (24.2 per
cent) and Ugland (0.3 per cent).
For more information see http://www.marathon.com.
Posted by Richard Price,
Editor Pipeline Magazine
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