Statoil discovers up to 75M barrels at North Sea prospect

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

Statoil (STO) says it has made an oil and gas discovery in the Valemon Nord prospect in the North Sea, with total recoverable volume estimated at 20M-75M boe.

The Valemon field is one of STO’s largest ongoing development projects on the Norwegian continental shelf, with recoverable resources estimated at 206M boe.