Statoil makes small oil discovery in the North Sea

OSLO: Norwegian energy firm Statoil has made a minor oil discovery near the Ekofisk field in the North Sea, the Norwegian Petroleum Directorate said on Friday.

The well was drilled about 20 kilometres north of the Ekofisk field and preliminary estimates of the size of the discovery range between 4.4 million and 12.6 million barrels of oil equivalents, the oil directorate said.

Statoil holds 77.8 percent in the license while Total has 22.2 percent.