Statoil announces oil discovery in offshore Canada

06/19/2013 | Rigzone

One of Statoil's wells in the Harpoon prospect off the Atlantic coast of Canada struck light, high-quality oil. The results are encouraging, though it is too soon to determine the potential of the find, said Erik Finnstrom, Statoil's senior vice president for Exploration North America. "We anticipate there will be further appraisal drilling to mature this discovery in the future," he said.

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