Total makes North Sea oil find, but Statoil comes up dry

|By:, SA News Editor

Total (TOT) reportedly has found oil with a wildcat well located a few miles east of the Heimdel field in the central North Sea; the preliminary estimate of the size of the discovery is 3.1M-6.3M barrels.

Statoil (STO), however, has come up dry in its latest North Sea well, drilled east of the Jotun field in the central North Sea.

TOT +2.3% premarket.