State-controlled oil company Statoil ASA struck oil and Norsk Hydro ASA found natural gas in separate exploration wells off western Norway, the Norwegian Petroleum Directorate announced Monday.
Statoil's discovery was near its existing Sleipner field in the North Sea, about 175 kilometers off the western Norway port of Stavanger, but it was too early to estimate the size of the find, the company said. The company plans to drill a second well to assess the size of the find.
The petroleum directorate also announced that Norsk Hydro found natural gas and condensate in an exploration well drilled near its Njord field, in the northern North Sea. It said the preliminary estimate of the discovery's size was one to six billion standard cubic meters of recoverable natural gas, plus condensate, also called natural gas liquids.
Read More
No comments:
Post a Comment