Statoil discovers significant amounts of oil

Norwegian oil giants Statoil have made a potentially significant discovery in the North Sea. The company have been drilling at the Aldous structure and estimate the amount under the waves to be between 400 and 800 million barrels of recoverable oil equivalent.
 Statoil spokesman Ola Anders Skauby told Reuters: “Discoveries are always positive, and this […]

Statoil confirm major North Sea discovery

The Aldous and Avaldsnes oil discoveries in the North Sea may be worth between 500 million and 1.2 billion barrels of recoverable oil, according to Statoil. The oil company say the discovery will be one of the ten largest oil finds ever on the Norwegian continental shelf (NCS). The company announced on 8 August they […]