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Statoil makes small gas discovery in North Sea

Published March 19, 2014 Updated March 19, 2014 07:50am

1 min

By Shoaib Ur Rehman

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OSLO: Oil firm Statoil has made a small gas discovery, containing between 0.5 and 2 million standard cubic metres of recoverable gas, near the Visund field in the Norwegian part of the North Sea, the Norwegian Oil Directorate said on Wednesday.

Statoil has a 59-percent take in the production license, called PL 120.

The other partners are US major ConocoPhillips with 13 percent, France's Total with 11 percent and Norwegian state-owned firm Petoro with 17 percent.

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