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Statoil makes sizeable oil discovery off Norway

Reuters - UK Focus

OSLO, Nov 11 (Reuters) - Energy firm Statoil (Xetra: DNQA.DE - news) has made a find of between 57 million and 100 million barrels of oil equivalent in the Norwegian Sea, the country's Petroleum Directorate said on Monday.

Statoil has a 35-percent stake in the find. The other partners in the discovery are: France's GDF Suez (TLO: GAZ-U.TI - news) with 20 percent, Germany's E.ON with 17.5 percent, Norway's Core Energy with 17.5 percent, London-listed Faroe Petroleum with 7.5 percent and Germany's VNG with 2.5 percent.