STATOILHYDRO is to drill its first offshore prospect as operator in Canada during Q4 this year. The target is the Mizzen prospect (Flemish Pass Basin) off the east coast of Newfoundland and Labrador and the Transocean rig, Henry Goodrich, has been secured for the operation.
Husky Energy is to participate in the exploration well. Under the agreement, the Canadian company will earn a 35% interest in Mizzen.