Oil discovery near Vegas oil field

SeaSea.Photo: pixabay.com

Wintershall Norway has made a discovery of oil near the Vegas field in the North Sea.

The wells are drilled about five kilometers southeast of Vega field in the North Sea and 100 kilometers southwest of Floro, The Oil Directorate  reports.

Preliminary estimates of the size of the discovery are between 1.5 and 4.5 million cubic meters of recoverable oil.

– The licensees will evaluate the discovery together with other nearby discoveries with regard to a possible development, according to the Norwegian Petroleum Directorate.

The wells are the second, third, fourth and fifth exploration wells in production license 248 F.


Source: NTB scanpix / Norway Today