New Statoil find could yield 130 million barrel North Sea windfall

Norwegian oil giant’s discovery in the Moray Firth basin could breathe new life into a mature basin

diana raicu
Posted: 10/15/2017

Stavanger-based energy corporation, Statoil, has announced a significant find on the UK continental shelf (UKCS) after side-tracking its Verbier exploration well.

With estimates ranging from 25 to 130 million barrels of oil equivalent, this recent strike could be worth as much as $7.4bn to the world’s 11th biggest public energy company.

diana raicu
Posted: 10/15/2017