Statoil strikes oil and gas with wildcat
Norway’s Statoil has struck oil and gas at a wildcat well in the Norwegian sector of the North Sea.
This comes after the Norwegian oil and gas E&P, as operator of Gimle Unit and production licence 193, had completed drilling the 34/10-55 S well.
The Norwegian Petroleum Directorate said Statoil had encountered a total oil and gas column of about 170 meters, of which 60 meters are in sandstone with good to very good reservoir properties in the Statfjord group and 10 meters in sandstone...