Statoil sizes up offshore Canada find

摘要

Norwegian state-controlled Statoil’s Bay du Nord discovery off the coast of eastern Canada holds between 300mn bl and 600mn bl of recoverable oil. A sidetrack well that was completed this week confirmed a “high-impact” discovery, Statoil says. Bay du Nord is the third deepwater crude discovery by Statoil and Canadian integrated firm Husky Energy in the Flemish Pass basin, about 500km northeast of St John’s, Newfoundland and Labrador.