Statoil (STO -3.5%) says it has found an additional 3.8M-4.4M barrels of recoverable oil at its...


Statoil (STO -3.5%) says it has found an additional 3.8M-4.4M barrels of recoverable oil at its Volve field in the North Sea, but an appraisal well drilled at the earlier Falk discovery came up dry. Also, Reuters reports STO saw its gas output reduced by ~8M cubic meters per day over the weekend due to unplanned outages.

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