Statoil finds more oil near earlier discoveries

OSLO: Norwegian energy firm Statoil made a small oil discovery at the Krafla North prospect in the North Sea, near earlier discoveries, Det norske , a partner in the find said on Friday.

The find at Krafla North totals between 6 and 19 million barrels of oil equivalents (mmboe), Det norske said in a statement.

"The partners ... will evaluate the discovery in connection with other discoveries in the two (nearby) licenses," it said.

"Together with the discoveries at Krafla from 2011 of 50 to 80 mmboe and Askja in 2013 of 19 to 44 mmboe, the total amounts to 75 and 143 mmboe."

Statoil holds 50 percent of the licence while Det norske and Svenska Exploration each hold 25 percent.