Statoil finds up to 130m barrels of new oil reserves in North Sea

Published: Monday, 09 October 2017

The North Sea is fast becoming a centre of new oil and gas exploration and investment, potentially driving up oilfield mineral demand.

Norwegian oil company Statoil, the world’s largest offshore operator, has discovered new reserves of up to 130m barrels in the Moray Firth basin, off the coast of Scotland, in a move that could fuel new oilfield mineral demand in the fast-recovering production centre.

 "The preliminary results suggest the discovery could...

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