“These new reserves can be put on stream immediately and will add considerable value. The discovery proves that there are still good opportunities in the North Sea, an area we know well, and its infrastructure is extensive,” says Nakken.
“We are very pleased to announce our second discovery in 2017. Discoveries like this one and Cape Vulture are valuable contributions to existing fields,” says Jez Averty, Statoil’s head of exploration in Norway and the UK.
The well was drilled 160 kilometres north-west of Bergen. This is the seventh exploration well that is being drilled in production licence 193 D, Valemon Unit.