Oil & Gas

Rolling out more barrels

A major oil find in the Arctic by Norway’s Statoil could contain 350million barrels more than previously thought, it was reported yesterday.

The Skrugard oil find – so far estimated to contain 200-300million barrels, with a potential to hold up to 500million – boosted the interest of oil firms in the Norwegian Arctic when it was discovered last year.

Statoil was not immediately available for comment.

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