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230

StatoilHydro Started Oil Production Offshore Nigeria

The Agbami field offshore Nigeria, in which StatoilHydro is part owner

StatoilHydro Started Oil Production Offshore Nigeria

Norway's StatoilHydro started oil production at the Agbami field offshore Nigeria and is is expected to reach plateau production of 250,000 barrels of oil a day by late 2009.

Total field reserves are estimated at around 900 million barrels oil equivalents.

StatoilHydro has an 18.85 % stake in the field.

Chevron has a 68.15% interest and Petrobras holds the remaining 13%. The field lies approximately 110 kilometres off the Nigerian coastline.

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