Hess 2000 Annual Report Download - page 12

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10
NORWAY
Amerada Hess Norge A/S, the Corporation’s Norwegian subsidiary, and its partners have obtained
approval for the enhanced-recovery, waterflood project for the Valhall Field in which Amerada Hess
Norge has a 28.09% interest. Initial water injection is expected to begin in 2003. The water injection
project will extend the life of the Valhall Field and is expected to increase Amerada Hess Norge’s share
of production from 23,400 barrels of oil per day in 2000 to in excess of 30,000 barrels per day in 2003.
The Valhall Field licenses have been extended to 2028 from 2011.
Early in 2001, oil was discovered on License 202 in the Barents Sea, offshore northern Norway. The
discovery will require further appraisal. Amerada Hess Norge has a 25% interest in the discovery.
Production in Norway averaged 31,000 barrels of oil equivalent per day in 2000, essentially the same
level of production as in 1999.
DENMARK
The South Arne Field, operated by the Corporation’s Danish subsidiary, Amerada Hess ApS, completed
its first full-year of production in 2000. Production for Amerada Hess ApS averaged 25,300 barrels of
oil per day and 37,300 Mcf of natural gas per day. Development of the field continued in 2000 with one
water injection well and two development wells completed. High-rate water injection began in the fourth
quarter of 2000 to enhance recovery. Full-field water injection will begin in mid-2001 to increase pro-
duction and extend the life of the field.
Amerada Hess ApS is evaluating the possible drilling of an appraisal well on its Southern Tor prospect,
a potential extension of the South Arne Field. Amerada Hess ApS has a 57.48% interest in the South
Arne Field and in the Southern Tor prospect.
FAROE ISLANDS
Amerada Hess has been awarded operatorship of License 001 in the Faroes First Round of License
Awards. This license covers parts of Blocks 6005/20, 6005/25 and 6004/16 in the Faroe Islands, which
are northwest of the British Isles. An exploration well, in which Amerada Hess has a 42.76% interest,
is planned for the second half of 2001.