Statoil Makes Small Oil Discovery near Oseberg South

Norway's Statoil Petroleum has found oil at its wildcat well 30/11-10 in the North Sea, the Norwegian Petroleum Directorate reported Monday.

The well was drilled just north of the 30/11-8S gas/oil/condensate discovery, which was made in 2011, and approximately 16 miles southwest of the Oseberg South field.

The NPD said that preliminary calculations of the size of the discovery indicate between 6.3 million barrels and 19 million barrels of oil.

The well is the eighth exploration well in production license 035. The license was awarded in Norway's second licensing round in 1969.


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