Norwegian Oil Directorate confirms Barents Sea oil find
Mar 01, 2007 01:00 AM
The Norwegian Oil Directorate has confirmed a Norsk Hydro oil strike in the Barents Sea, 65 km north of
Honningsvaag.
The find may be larger than the Goliath Field.
The new Nucula Field could contain as much as 300-350 mm barrels of oil, compared to the estimated 250 mm barrels of
the Goliath. The two fields are located only 45 km apart.
The Nucula test well was drilled to a depth of 1,692 metres.
In addition to operator company Hydro, ENI Norway, BG Norway and Petoro are part owners of the production license.
Source: NRK/Aftenposten
