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BN 11/11 14:35 Statoil Oil Find Near Njord Boosts Area’s Prospects, Faroe Says
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Statoil Oil Find Near Njord Boosts Area’s Prospects, Faroe Says 2013-11-11 14:40:43.746 GMT
By Mikael Holter and Heather Burke Nov. 11 (Bloomberg) -- Statoil’s oil discovery at Snilehorn near the Njord field in the Norwegian Sea increases the chances of finding as much as 300m barrels of crude in surrounding areas, license partner Faroe Petroleum said. * “It’s looking very good for this license,” COO Helge Hammer of Faroe said in a phone interview. “We have two to three more prospects which have been largely de-risked by this discovery, which means that we might find more oil”
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--Editor: James Ludden
To contact the reporter on this story: Heather Burke in London at +44-20-7673-2044 or hburke2@bloomberg.net
To contact the editor responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net