A new gas discovery has been made in the Norwegian Sea.
Norway’s oil and gas firm Statoil made the discovery – which is the third in three months in the Aasta Hansteen area – in the Gymir prospect.
Statoil estimates the volumes to be in the range of 6-19 million barrels of recoverable oil equivalent.
Dan Tuppen, Vice President of Norwegian exploration and Barents Sea in Statoil, said: “The estimated total volumes in the three discoveries, Snefrid Nord, Roald Rygg and Gymir amount to 75-120 million barrels of recoverable oil equivalent.”
Production start-up is expected in 2017.