STATOIL SETS ANOTHER MARK FOR EXTENDED REACH

Norways's Den norkse stats oljeselskap AS has broken its world record for extended reach drilling. Statoil's C3 development well, drilled from Statfjord Platform C in the Norwegian North Sea, has a horizontal reach of 19,905 ft. Measured depth is 23,786 ft, true vertical depth 8,850 ft. The well is in the final stages of completion. Statoil set the previous extended reach record in 1990 with a 16,425 ft horizontal displacement in the C10 well, also drilled from Statfjord Platform C.