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BRIEF-Statoil makes non-commercial gas discovery in the Arctic
August 29, 2017 / 6:38 AM / a month ago

BRIEF-Statoil makes non-commercial gas discovery in the Arctic

Aug 29 (Reuters) - Statoil Asa

* Norway petroleum directorate: minor gas discovery in the barents sea 7435/12-1 Korpfjell well

* The well was drilled about 365 kilometres northeast of the 7324/8-1 discovery (Wisting), about 420 kilometres from the Norwegian coast and about 35 km from the border between Norway and Russia

* npd: license 859 is operated by statoil petroleum as

* npd: preliminary estimates place the size of the discovery in the stø formation between 6 and 12 billion standard cubic meters (sm3) of recoverable gas

* Participants in the license are Statoil, Chevron, Petoro, Lundin Petroleum and ConocoPhillips Source text: bit.ly/2wOwciz Further company coverage: (Reporting By Terje Solsvik)

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