facebook
twitter
search
search

Total energy subsidiary finds oil off Norwegian coast

Feb. 21, 2014 at 7:23 AM
Sign up for our Energy Newsletter

STAVANGER, Norway, Feb. 21 (UPI) -- A Total energy company subsidiary drilling in Norwegian waters said Friday a discovery in the North Sea may hold up to 12.5 million barrels of recoverable oil.

Total E&P Norge AS said it encountered an oil column in the Heimdal field in the central part of the sea that was nearly 70 feet thick.

The company said the preliminary estimates of the size of the discovery are between 3 million and 12.5 million barrels of recoverable oil.

The well is positioned in a region not known previously to contain oil and natural gas reserves. It's the first exploration well in a production license area dubbed 102F.

Total E&P Norge AS is the operator, with a 40 percent stake in a consortium that includes Norwegian energy companies.

"The licensees will assess the discovery together with nearby prospects with regard to further follow-up [on the discovery's full potential]," the company said.

Related UPI Stories
Latest Headlines
Trending Stories
Chelsea Clinton accidentally calls Bernie 'President Sanders'
Watch every star-studded Super Bowl commercial of 2016
Susan Sarandon responds to Piers Morgan criticizing cleavage
Two Virginia Tech students plotted 13-year-old's death, prosecutors said
Colin Powell, Condoleezza Rice got classified email on private accounts