ConocoPhillips suggests that their oil discovery on Tuesday amounts to between 75 and 200 million barrels of recoverable oil equivalents – the biggest find of the year.
The oil discovery has been made in the Slagugle well.
The discovery of between 75.5 million and 201 million barrels of oil makes it the largest discovery of the year, according to newspaper Teknisk Ukeblad.
The discovery marks their fourth successful exploration well on the Norwegian continental shelf in the last 16 months, Executive Vice President Matt Fox noted.
The well was drilled approximately 23 kilometers north of the Heidrun field in the Norwegian Sea and 220 kilometers west of Brønnøysund.
Further delimitation will be carried out to assess the production potential and recoverable reserves – and plans for possible development solutions, ConocoPhillips announced.
© NTB Scanpix / #Norway Today