Statoil Finds Hydrocarbons in North Sea Well, Partner Says

Reuters

OSLO, Nov 4 (Reuters) – Norway's Statoil has found hydrocarbons in its Askja exploration well in the Norwegian North Sea, Det Norske a partner in the licence said on Monday.

Det norske earlier said that the potential resource in the well is between 20 million and 70 million barrels of oil equivalents.

Statoil holds a 50 percent stake in licence 272 while Det norske and Svenska Petroleum each hold 25 percent.

"Drilling operations are ongoing and final results are not yet available," Det norske added. 

(Reporting by Balazs Koranyi)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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