StatoilHydro strikes oil, gas in North Sea

The find in an area called Katla was roughly 80 miles (130 kilometers) northwest of the port of Bergen on Norway's western coast, and about seven miles (11 kilometers) southwest of the company's Oseberg South platform.

StatoilHydro has 49.3 percent of the Katla license and handles operations on behalf of its project partners, Norway's state company Petoro AS with 33.6 percent, Total E&P Norge AS with 10 percent, ExxonMobil Exploration & Production Norway AS with 4.7 percent and ConocoPhillips Skandinavia AS with 2.4 percent.

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On the Net:

www.statoilhydro.com