The Mizzen prospect is located in the exploration block EL 1049 in the Flemish Pass Basin offshore Newfoundland and Labrador at a water depth of 1,100m.
StatoilHydro has signed an agreement whereby Husky Energy will participate in the exploration well. Under the agreement, Husky Energy will earn a 35% interest in Mizzen.
StatoilHydro has signed a rig-sharing contract with Petro-Canada and Husky, bringing the Henry Goodrich rig to the east coast of Canada. The rig is expected to arrive in Newfoundland in summer 2008.
Geir Jossang, head of StatoilHydro Canada, said: We are very excited about starting drilling operations offshore Canada. Canada is becoming an important contributor to StatoilHydro’s international portfolio.
