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Statoil finds oil and gas at Askja North Sea prospects

  • Statoil (STO) says it made minor oil and gas discoveries at its Askja prospects in the North Sea and is considering a joint development with two former discoveries, highlighting the potential for more discoveries in the mature area.
  • STO estimates the gas find at Askja West and oil at Askja East total 19M-44M boe.
  • The discoveries show "once again that even the most mature parts of the Norwegian continental shelf still have an exciting value creation potential," STO says.
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