OSLO, June 24 Statoil has found extra
oil at its Volve field in the North Sea, the Norwegian Petroleum
Directorate said on Monday.
The firm has found an additional 3.8 million and 4.4 million
barrels of recoverable oil, said the agency.
Earlier this month Statoil said new drilling proved the
Volve field to hold additional oil reserves in a range from 8.8
million to 9.4 million barrels, almost doubling the estimated
remaining reserves at the North Sea field.
Statoil holds 59.6 percent in Volve, ExxonMobil 30.4
percent and Bayerngas Norge 10 percent of the license.