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Statoil makes Norwegian Sea discovery

  • 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.
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