Statoil finds more gas in Norwegian Sea

Statoil has made a new gas discovery in the Norwegian Sea. The company estimates the volumes in the Roald Rygg prospect to be in the range of 12 million to […]

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By Priyanka Shrestha

Statoil has made a new gas discovery in the Norwegian Sea.

The company estimates the volumes in the Roald Rygg prospect to be in the range of 12 million to 44 million barrels of recoverable oil equivalent.

It is Statoil’s second discovery in the Aasta Hansteen area this year.

Together with Haklang and Snefrid Sør, the recoverable resources are estimated at 47 billion standard cubic metres of gas.

Irene Rummelhoff, Senior Vice President – exploration Norway in Statoil said: “Statoil has completed a targeted two-well exploration programme around Aasta Hansteen which aimed to test additional potential in the area and make the Aasta Hansteen project more robust.”

If approved by the Norwegian Government, the partnership will consist of Statoil (operator, 42.5%), Petoro (20%), Centrica Resources (Norge) (20%), Wintershall Norge (10%) and Atlantic Petroleum Norge (7.5%).