Statoil discovered new light oil beds in Norwegian sea

For the third time in three months Norwegian Statoil oil and gas corporation has discovered high quality light oil beds in the Norwegian Sea. This time the resources have been discovered on the evaluation well 6407/8-6 on the Snilehorn section, approximately 15 km away from Norne field, reads the company’s press release.

According to the preliminary evaluation, the extractible resources could total 55-100 million barrels. “We are very happy with the results of our program of geological exploration works near the field in the Norwegian Sea this year. During three months we have discovered three fields Norne, Asgard and Njord, total volume of extractible resources of which reaches 86-166 million barrels of oil equivalent, said Gro Haatvedt, Statoil Vice President for Oil Production in Norway. 

Statoil is the operator of the exploration well 6407/8-6 with 35% share. The partners of the company are "GDF SUEZ E&P Norge AS" (20%); "E.ON E&P Norge AS" (17.5%); "Core Energy AS" (17.5%); "Faroe Petroleum Norge AS" (7.5%) and "VNG Norge AS" (2.5%).

Statoil has been developing hydrocarbons on the Norwegian continental shelf for over 30 years and is a pioneer in implementation of offshore projects in difficult climatic conditions. The state is the biggest shareholder of Statoil, reported http://www.norge.ru.--0--