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Norway: More oil found off the coast

Both Norwegian oil company Statoil and Norsk Hydro have struck more oil in territorial waters of the North Sea. It’s not clear how much oil is involved, reports daily Aftenposten.

Norway’s oil directorate reported Monday that Statoil found the oil in a well that lies 35 kilometers east of the Gudrun field. Statoil has a 30% stake in the area, along with the national agency Petoro that represents the state’s direct oil investment and Det Norske Oljeselskap. Talisman Energy Norge AS has the remaining 10%, and Statoil is the operator.

The sea is 113 meters deep at the site of the oil discovery. The well was drilled to a vertical depth of 1.85 meters under the seabed and ended at a bedrock. The directorate said both Statoil and Norsk Hydro separately found new hydrocarbon deposits in the North Sea. Statoil is due to take over Hydro’s oil and gas operations next month. (aftenposten.no)