Norway today confirmed Lundin Petroleum’s new oil discovery in the Barents Sea.
Earlier this month the Swedish firm said it had completed the Filicudi well, which proved oil and gas.
The Norwegian Petroleum Directorate said preliminary estimates showed the discovery held between 5.5million and 16million standard cubic metres of recoverable oil.
The discovery is located 40 km southwest of Johan Castberg and 30 km northwest of the Alta and Gohta discoveries on the Loppa High.
The wells were drilled by the Leiv Eiriksson rig.