Statoil finds more oil offshore Newfoundland

Offshore staff

STAVANGER, Norway – Statoil has made a third deepwater oil discovery in the Flemish Pass basin offshore Newfoundland.

The discovery is on the Bay du Nord prospect (EL1112) about 500 km (311 mi) northeast of St. John’s, Newfoundland and Labrador, Canada.

In June, the company made a discovery at the Harpoon prospect, which is about 10 km (6 mi) from Bay du Nord. Both wells were drilled by the semisubmersible rig West Aquarius in about 1,100 m (3,609 ft) of water.

Bay du Nord is about 20 km (12 mi) south of Statoil’s Mizzen discovery. The Mizzen discovery, announced in 2010, is estimated to hold between 100-200 MMbbl of oil.

Statoil is the operator of Bay du Nord and Harpoon with a 65% interest. Husky Energy has a 35% interest.

8/27/2013

Statoil deepwater oil discoveries offshore Newfoundland, Canada

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