Statoil Petroleum has made another significant oil discovery in the Hyme field in the Norwegian Sea. Statoil ASA (NYSE:STO) is the operator of this field with the production license 348 B and has discovered oil in the wildcat wells 6407/8-6 and 6407/8-6 A.
Near-field exploration strategy of Statoil
"The wells were drilled about 4 kilometers west of the Hyme field and 15 kilometers northeast of the Njord field in the Norwegian Sea. Preliminary estimates place the size of the discovery between 9 and 16 million cubic meters of recoverable oil equivalents. The well was not formation-tested, but extensive data acquisition and sampling have been carried out," reports the Norwegian Petroleum Directorate.
Figure 1:...
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