Oct 18, 2011

Statoil hits more oil in Aldous Major South appraisal

The North Sea appraisal well drilled by the rig Transocean Leader “has proven an oil column in a range between 50 and 55 metres in Jurassic sandstone,” Statoil said.It added that the well is located 4.2 kilometres north of the original discovery well in the Aldous Major South structure on the Utsira Height.Statoil is operator of the field and owns a 40 percent interest, while state-owned Petoro has 30 percent, Det Norske Oljeselskap has 20 percent and Lundin Petroleum of Sweden has 10 percent.