Statoil hopes to repeat Sverdrup discovery

Large parts of the British North Sea shelf still have yet to be explored with the latest technology, says Statoil's executive VP for exploration. He believes that there are still major oil discoveries to be made.

The Johan Sverdrup field was discovered in 2010. It is located in the Norwegian part of the North Sea. | Photo: Statoil/AP Photo/Polfoto

Norwegian oil company Statoil hopes to make a discovery in the British North Sea shelf similar to the Johan Sverdrup field, despite the opinion of many parties that the region has been thoroughly explored already.

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