Statoil makes Norwegian Sea discovery

|About: Statoil ASA (STO)|By:, SA News Editor

Statoil (STO) says that together with its partners including Exxon Mobil (XOM) it has made a gas/condensate discovery in the Smorbukk North prospect at Haltenbanken in the Norwegian Sea.

Preliminary estimated volume of the discovery is 25M-47M boe.

STO +1.1% premarket after agreeing to sell stakes in oil and gas fields to Austria's OMV for $2.65B.