Statoil reports oil discovery in offshore Brazil

Note: This section contains information in English only.
Source: Marketwatch
Statoil confirmed that it in conjunction with Repsol Sinopec and Petrobras made an oil discovery in the offshore Brazil. The initial estimate indicated the potential of 5,000 barrels of light, sweet crude oil per day and 26.5 million cubic feet of natural gas. It is the third oil discovery in the area and confirms high potential of the territory, Statoil announced.


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