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Oil&Gas: Major find in the Norwegian Sea

Wintershall Norge ASA, operator of production licence 475BS, has completed the drilling of wildcat well 6406/3-8, and announces a significant discovery at the Maria prospect.

The well was drilled about 20 kilometres southeast of the Åsgard field (photo) and 10 kilometres northwest of the Tyrihans field in the Norwegian Sea, about 200 kilometers off the coast of Trondheim, in a water depth of 303 meters.

The size of the discovery is estimated between 60 and 120 million barrels of recoverable resources, placing it among the largest oil discoveries in Norway in this year, according to Wintershall.

The Maria discovery is the company's second hit in a row on the Norwegian Continental Shelf in the last twelve months.

Harald Vabø, General Manager of Wintershall Norge ASA comments: "We are extremely satisfied with our exploration performance in Norway, mak-ing two excellent discoveries in our two first operated wells Grosbeak and Maria. Our challenge now will be to move these discoveries rapidly from the exploration to the development phase."

Martin Bachmann, Member of the Board of Executive Directors, responsible for Exploration and Produc-tion, states: "The Maria discovery is another important milestone for Wintershall and it adds a further piece of growth potential to our portfolio on the Norwegian Continental Shelf."

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