facebook
twitter
rss
account
search
search
 

Hydrocarbons found at Langlitinden prospect in the Barents Sea

Feb. 10, 2014 at 6:27 AM   |   Comments

OSLO, Norway, Feb. 10 (UPI) -- Norwegian energy company Det norske said Monday it discovered hydrocarbons while drilling into its Langlitinden prospect in the Barents Sea.

The company said hydrocarbons were discovered in an exploration well.

"Drilling operations are ongoing and final results are thus not yet available," the company said.

Lundin Petroleum, which holds a 20 percent stake in the project, said last month the Langlitinden prospect may have the potential to contain unrisked, gross prospective resources of 220 million barrels of oil equivalent.

Drilling operations started last month and are expected to continue into March, the companies said.

The Norwegian government estimates its continental shelf holds 88 billion barrels of petroleum reserves.

© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
New Navy sub ready for outfitting, testing New Navy sub ready for outfitting, testing
2
Russian bank boss feeling sanctions pain Russian bank boss feeling sanctions pain
3
API: Oil imports at historic low API: Oil imports at historic low
4
Exxon grabs more Permian shale Exxon grabs more Permian shale
5
No means yes for Scotland, energy companies say No means yes for Scotland, energy companies say
Trending News
Video
x
Feedback