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StatoilHydro makes Barents Sea gas discovery

  Norway’s StatoilHydro has made a gas discovery at its Caurus prospect in the Barents Sea, northeast of its Snoehvit gas field, Norwegian energy officials said on Friday.


“The size of the discovery has been provisionally estimated at between 2 and 14 billion standard cubic meters of recoverable gas,” the Norwegian Petroleum Directorate said in a statement. StatoilHydro has 100% of the production license. “Another well is planned in the production license with start-up in December 2008,” the directorate said. (Reuters)