Together with partners Jersey Oil and Gas and Cieco, Statoil has found oil in the North Sea. Statoil has announced that a drilling in the Verbier field west of the Shetland Islands has uncovered an oil discovery of 25-130 million barrels of oil, according to preliminary results.
Meanwhile, the main drilling did not prove fruitful. There, Statoil – which operates and owns 70 percent of Verbier – encountered water-filled sand, prompting the company to drill a sidetrack to evaluate the remaining potential of the water-covered part of the reservoir, the updip.
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