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Aug
19
A Big North Sea Oil Discovery
August 19, 2011 | 3 Comments
Statoil has confirmed their new oil field discovery will be classified as a giant oil field discovery. Two reservoir zones called the Aldous and Avaldsnes are believed to be communicating the petroleum. Combined the discovery should come in between 500 million and 1.2 billion barrels of recoverable oil equivalent. Note that’s ‘recoverable’ – making for […]
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