Statoil has more luck on Norwegian Shelf

Scandinavian oil giants Statoil have made a third discovery in the Gullfaks licence this year. Tom Dreyer, exploration head for the northern North Sea said: “Even though the volumes are […]

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By Tom Gibson

Scandinavian oil giants Statoil have made a third discovery in the Gullfaks licence this year.

Tom Dreyer, exploration head for the northern North Sea said: “Even though the volumes are modest compared with the large finds made off Norway earlier, this type of discovery is important for maximising the potential on the Norwegian continental shelf, and contributes to extending the production life of installations.”

Preliminary calculations indicate that between 3 to 9.5 million barrels of oil equivalent are present. The two other discoveries made so far this year in the Gullfaks licence are Rutil and Opal.

Other Statoil stories:

Oil found off Shetland

Statoil confirm major North Sea discovery

Statoil spends big on new rigs