The Globe & Mail
This find will lead to a new boom in exploration in the area, said Magnus Smistad, an analyst at Fondsfinans. This is an exciting area and the potential could be even bigger. Statoil shares climbed 2.2 per cent to 156.7 crowns while shares in Italy's...
Statoil, along with partners Eni Norway and Petoro, has made a significant oil discovery on the Skrugard prospect in the Barents Sea. The breakthrough discovery is one of the most important finds on the Norwegian continental shelf in the last decade.