Wednesday 10 June 2015

More gas found in Norwegian Sea

A new gas discovery has been made in the Norwegian Sea.

Norway's oil and gas firm Statoil made the discovery - which is the third in three months in the Aasta Hansteen area - in the Gymir prospect.

Statoil estimates the volumes to be in the range of 6-19 million barrels of recoverable oil equivalent.

Dan Tuppen, Vice President of Norwegian exploration and Barents Sea in Statoil, said: “The estimated total volumes in the three discoveries, Snefrid Nord, Roald Rygg and Gymir amount to 75-120 million barrels of recoverable oil equivalent.”

Production start-up is expected in 2017.