12/13/2011

Fortune Oil Discovery!

An oil company Statoil ASA during its downfall and had been in decline for a decade, became fortunate enough to discover largest oil reserves since 1980s
Its 40%-owned Aldous Major South oil field now holds 400 and 800 million barrels of oils.
Oil reserves located in the middle of Norway's most mature North Sea production are and under just 100m. So drilling is easier and cheaper.

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