DOW JONES NEWSWIRES
StatoilHydro said Thursday the Caesar Tonga Project has been
sanctioned by the board.
MAIN FACTS:
- The Anadarko operated Caesar Tonga development consists of
three discoveries, Tonga, Tonga West and Caesar.
- The three discoveries have been combined into one project to
be developed as a subsea tie-back to the Anadarko operated
Constitution Spar.
- StatoilHydro has 23.55% working interest in the
development.
- Other partners are Shell and Chevron.
- Caesar Tonga is located just south of the Tahiti development
which will come on stream this summer.
- The initial phase of development will consist of four wells
with a combined average production of 40,000 B/D with first oil
expected in 2011.
-By Stockholm Bureau, Dow Jones Newswires; +46-8-5451-3090;
djnews.stockholm@dowjones.com