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