Wintershall Makes Small Oil Find in Norwegian Sea


OSLO, April 28 (Reuters) – German energy firm Wintershall, a subsidiary of chemicals giant BASF, made a small oil discovery near Statoil's Kristin field in the Norwegian Sea, the Norwegian Petroleum Directorate said on Tuesday.

The well encountered two oil columns in sandstone of generally poor reservoir quality and the find is estimated to contain between 6 million and 50 million barrels of recoverable oil equivalents, the NPD said.

Wintershall owns 40 percent of the licence, Repsol has 30 percent and DEA Norge owns 30 percent.

(Reporting by Balazs Koranyi, editing by Terje Solsvik)

Copyright 2017 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Store keeper / Warehouse - Zanesville Ohio - 6200
Expertise: Storeman|Supply Chain Management|Warehouse Person
Location: Zanesville, OH
Survey Party Chief
Expertise: Cartography / Mapping
Location: Charlotte, NC
Geologist or Environmental Scientist
Expertise: Environmental Engineer|Geologist
Location: St. Louis, MO
search for more jobs

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours