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Statoil in new oil discovery in Norwegian Sea

By Religare

The Norwegian Petroleum Directorate announced that Statoil made a small oil discovery south of the Norne field in the Norwegian Sea.

The wildcat well 6507/3-10 was drilled about 12 km south of the Norne field in the Norwegian Sea.

The well encountered a 10-metre net oil column in Middle Jurassic (the Garn formation) with reservoir characteristics as expected. In addition, oil was encountered in a 2-3 metre thin sand layer in the upper part of the Tilje formation. The well was drilled to a vertical depth of 3430 metres below the surface of the sea, Norwegian Petroleum Directorate said.


A preliminary estimate of the size of the discovery is under 1 million Sm3 recoverable oil, the Norwegian Petroleum Directorate added.

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Story first published: Friday, August 16, 2013, 12:20 [IST]
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