Norwegian energy company Statoil said Wednesday it made an oil discovery in its Svale North prospect in the Norwegian Sea.
Statoil said it encountered oil while drilling exploration well 6608/10-15 in the prospect, about five miles from its proven Norne field.
Statoil said it estimated the volume of the discovery at Svale North at between 6 million and 19 million barrels of recoverable oil.
Statoil said it's the second discovery of its kind in the Norwegian Sea in three weeks. It announced a discovery in the Smorbukk North prospect last month.
Copyright, UPI, 2013.