Statoil Makes Another Oil Discovery In The North Sea – ValueWalk Premium

Statoil Makes Another Oil Discovery In The North Sea

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 . . .

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