Statoil makes new gas discovery in the North Sea

Norwegian gas field Valemon holds more gas than expected. A new discovery could hold between 20-50 million barrels of oil equivalent.

Photo: Øyvind Hagen - Statoil

Statoil, Petoro, Centrica, and Shell can now account for a little more gas in the books. The four companies have made a new gas discovery on their shared gas field Valemon – Valemon Vest.

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