Statoil finds oil in the North Sea #NSO12

Reuters recently reported, that a recent North Sea oil discovery may be the world’s biggest so far this year, Norway’s Statoil (STO-N23.200.552.43%) said on Tuesday.  Statoil announced on August 8th, that “it had struck oil in the Aldous Major South prospect in the North Sea and estimated its size at between 200 million and 400 million barrels of oil equivalent (boe) and that it may be connected to the Avaldsnes discovery made by Sweden’s Lundin Petroleum.” Statoil’s head of exploration, Tim Dodson, has told reporters that “this is probably the biggest oil find in 2011.”

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The conference will take place 27-29 March 2012 in Aberdeen, UK.  For more information, click here.