Statoil Makes Third Oil Discovery Off Coast of Newfoundland

Statoil ASA (STL), Norway’s biggest energy company, made its third oil discovery off the coast of Canada in the Flemish Pass basin.

The find was made 500 kilometers northeast of St. John’s, Newfoundland, the company said in a statement today.

To contact the reporter on this story: David Wethe in Houston at dwethe@bloomberg.net

To contact the editor responsible for this story: Tina Davis at tinadavis@bloomberg.net

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