StatoilHydro Canada has made a discovery in the Flemish Pass Basin, offshore Newfoundland. Hydrocarbons were encountered while drilling the deepwater Mizzen prospect (EL 1049), located approximately 500km east-northeast of St John’s, Newfoundland. Further analysis of the well results will be undertaken to determine the potential, and an application for a Significant Discovery License (SDL) will be filed over the coming months. StatoilHydro is the operator of Mizzen with a 65% working interest. Husky Energy Inc. participated in the drilling of the well for a 35% interest. StatoilHydro currently owns interests in several exploration, development and production licences offshore Newfoundland. The group is also a partner in the Hibernia and Terra Nova fields as well as a partner in developing the Hebron field.