norway discovers new oil field in north sea
Last Updated : GMT 09:07:40
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Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Norway discovers new oil field in North Sea

Egypt Today, egypt today

Egypt Today, egypt today Norway discovers new oil field in North Sea

Oslo - XINHUA
Norway's energy giant Statoil and its partners has made a new gas and oil discovery in the Valemon North in North Sea, Statoil announced on Friday. The discovery wells are located about 10 kilometers north of the planned Valemon installation. Statoil estimates the total volumes in Valemon North at 20-75 million barrels of recoverable oil equivalent. The Valemon field, discovered in 1985, is one of Statoil's largest ongoing development projects on the Norwegian continental shelf. The recoverable reserves are estimated at 206 million barrels of oil equivalents.
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norway discovers new oil field in north sea norway discovers new oil field in north sea



 
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