Statoil’s new North Sea gas discovery

A promising site for a new gas well has been found in the North Sea’s Valemon field. The discovery comes two years after the main Valemon platform went into operation and is being referred to as Valemon West. The well is estimated to contain a volume of gas equivalent to between 20 and 50 million barrels of oil – Statoil says these new reserves […]

New North Sea oil and gas find for Statoil

Norwegian company Statoil has announced it has made an oil and gas discovery in the North Sea. It is located 10 kilometres north of the Valemon field which is currently under development. The firm estimates total volumes in Valemon North to be in the range of 20-75 million barrels of recoverable oil equivalent. The field, […]