Wintershall Makes Small Oil Find in Norwegian Sea

Reuters

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.

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