Another North Sea oil find

A small oil discovery has been made by StatoilHydro in the Titan prospect directly east of northern Visund in the Tampen area of the Norwegian North Sea. Made by exploration wells 34/8-13 A and 34/8-13 S, this strike is estimated to contain 5.6-12.5 million recoverable barrels of oil equivalent. A tie-in to Visund will be assessed. “Although it’s only a small find, the volumes proven could be very significant for realising a Visund North development,” explains Visund operations head Tom Karsten Gustavsen.