Statoil Makes Another Oil Discovery In The North Sea

HFA Padded
Hira Shahnawaz Akhtar
Published on
Updated on

Statoil Petroleum has made another significant oil discovery in the Hyme field in the Norwegian Sea. Statoil ASA (NYSE:STO) is the operator of this field with the production license 348 B and has discovered oil in the wildcat wells 6407/8-6 and 6407/8-6 A. Near-field exploration strategy of Statoil “The wells were drilled about 4 kilometers west of the Hyme field and 15 kilometers northeast of the Njord field in the Norwegian Sea. Preliminary estimates place the size of the discovery between 9 and 16 million cubic meters of recoverable oil equivalents. The well was not formation-tested, but extensive data acquisition and sampling…

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!

HFA Padded

Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.