Friday, April 10, 2015

Statoil finds oil at new Gulf of Mexico discovery | NOLA.com

Statoil finds oil at new Gulf of Mexico discovery | NOLA.com: "Statoil has hit oil at a well in the Gulf of Mexico about 220 miles south of New Orleans. The Norwegian company has not yet determined the size of the find. Statoil's discovery, known as Miocene Yeti, targets oil in the well-explored Walker Ridge area of the Gulf of Mexico. Statoil operates the Yeti prospect and owns a 50 percent interest. Partners Anadarko Petroleum Corp. and Samson Offshore own 37.5 percent and 12.5 percent interests, respectively. In a statement, Jez Averty, Statoil senior vice president for exploration in North America, said the company is now "analyzing data to determine the size of the discovery in order to consider future appraisal options.""

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