Statoil makes new gas discovery in the North Sea

Norwegian gas field Valemon holds more gas than expected. A new discovery could hold between 20-50 million barrels of oil equivalent.

Photo: Øyvind Hagen - Statoil

Statoil, Petoro, Centrica, and Shell can now account for a little more gas in the books. The four companies have made a new gas discovery on their shared gas field Valemon – Valemon Vest.

The discovery holds an estimated 20-50 million barrels of oil equivalent, and lies approximately 160 kilometers north-west of Bergen in west Norway, announced Statoil, which is the operator on the field.

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