Statoil strikes oil

OE Staff
Wednesday, July 24, 2013

Statoil announced a light, high-quality oil discovery at its Harpoon prospect (EL 1112) in the Flemish Pass basin, off Newfoundland, Canada. The semisubmersible West Aquarius drilled the well in about 1100m of water. Harpoon is located 500km northeast of St. John’s and about 10 km southeast of Statoil’s Mizzen discovery. The Mizzen discovery is estimated to hold between 100-200MMbo. Statoil plans to return to the Flemish Pass later this year to drill at Bay du Nord, southwest of Harpoon. Statoil operates Harpoon with a 65% interest, while Husky Energy holds 35%.

Categories: Oil North America

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