Statoil Sees Limited Upside in Sverdrup ‘Basement’ After Well
This article is for subscribers only.
Statoil ASA, Norway’s largest oil company, said it sees limited potential for raised estimates in the lower levels of its giant Johan Sverdrup discovery after drilling a dry well.
A sidetrack well failed to find oil at the Cliffhanger South area as well as in a secondary target in the “granitic basement,” the Stavanger-based company said today in a statement on its website.