Exploration & Production

Statoil’s small gas discovery in Barents Sea provides hope for future findings

Statoil and its partners OMV and Petoro have made a small non-commercial gas discovery at the Gemini North well.
By Staff reporter 7 August 2017 0 27078

Norwegian major Statoil and its partners OMV and Petoro have made a small non-commercial gas discovery at the Gemini North well in the Barents Sea, Statoil said in a note on Monday.

“While this well proved a non-commercial gas discovery, the results provide grounds for cautious optimism for additional potential both within this license and the Hoop Area,” said Jez Averty, Statoil’s senior vice president for exploration in Norway and the UK.

“The well was drilled with the ambition of proving up additional oil resources in the...