Energy giant Statoil has been boosted after making a new find in the North Sea.
The firm said it had found good quality columns of oil and gas at two wildcat wells drilled around 6km north of the Valemon field.
The new find, made by the Transocean Leader, could add up to a further 75million barrels of oil to the 206million already believed to be in place on the Valemon field.
“We are very satisfied with making a new discovery in the close proximity of the Valemon gas and condensate field currently under development, said exploration vice president Irene Rummelhoff.
“By proving additional volumes in the area we increase the reserves base in the Valemon Unit area and add value to the Valemon field development.”
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