DOW JONES NEWSWIRES

StatoilHydro said Wednesday it has received first oil from the Chevron-operated Tahiti field in the US Gulf of Mexico.

 
   MAIN FACTS:

- Tahiti is expected to produce 125,000 barrels of oil and two cubic metres of natural gas a day, reaching plateau production later this year.

- With Tahiti on stream, StatoilHydro will more than double its production from the US Gulf of Mexico.

- The field is estimated to contain between 400M and 500M barrels of oil equivalent.

- The field is developed with a floating spar platform producing from six subsea wells.

- StatoilHydro holds a 25% working interest in the Tahiti field. Operator Chevron holds 58% and Total 17%.

-By Stockholm Bureau, Dow Jones Newswires; +46-8-5451-3090; djnews.stockholm@dowjones.com