Eni's Vaar Energi makes Arctic oil discovery

Eni's logo is seen in front of its headquarters in San Donato Milanese
Eni's logo is seen in front of its headquarters in San Donato Milanese, near Milan, Italy, April 27, 2016. REUTERS/Stefano Rellandini

OSLO, Feb 9 (Reuters) - Norway's Vaar Energi (VAR.OL), majority owned by Italy's Eni (ENI.MI), said on Thursday it has made an oil discovery near its Goliat field in the Arctic Barents Sea.

"The well is currently drilled to 2,958 metres measured depth and oil has been encountered in the Realgrunnen and Kobbe formations," Eni said in a statement.

A sidetrack well is being planned to better define the size of the discovery, it added.

"Updated information about volume estimates will be released in due course," Vaar said.

Vaar Energi is the operator of the licence with a 65% stake, while Equinor holds the remaining 35%.

Reporting by Terje Solsvik, editing by Essi Lehto

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