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    market news

    Statoil: North Sea Find May be World’s Biggest in 2011

    Investing News Network
    Aug. 16, 2011 11:48AM PST
    Oil and Gas Investing

    Reuters Africa reports that according to Norway’s Statoil, the North Sea oil discovery may be the world’s biggest so far this year.

    Reuters Africa reports that according to Norway’s Statoil, the North Sea oil discovery may be the world’s biggest so far this year.

    The market news is quoted as saying:

    Statoil said on Aug. 8 it had struck oil in the Aldous Major South prospect in the North Sea, estimated at between 200 million and 400 million barrels of oil equivalent.

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