Statoil Oil Updates on its New Barents Sea Find

Bloomberg reported that according to Statoil ASA (NYSE:STO), the oil find in the Barents Sea is the equivalent to the Skrugard field in Norway.

As quoted in the market news:

Statoil rose 0.6 percent to 154.6 kroner as of the close of trading in Oslo. The shares are up 11 percent in the past year.

Click here to read the full Bloomberg report.