Like The Herald Business Journal on Facebook!
The Herald of Everett, Washington
Heraldnet.com

The top local business stories in your email

Contact Us:

Josh O'Connor
Publisher
Phone: 425-339-3007
joconnor@heraldnet.com

Jody Knoblich
General Sales Manager
Phone: 425-339-3445
Fax: 425-339-3049
jknoblich@heraldnet.com

Jim Davis
Editor
Phone: 425-339-3097
jdavis@heraldnet.com

Site address:
1800 41st Street, S-300,
Everett, WA 98203

Mailing address:
P.O. Box 930
Everett, WA 98206

HBJ RSS feeds

Firm announces large oil find off Canada

SHARE: facebook Twitter icon Linkedin icon Google+ icon Email icon |  PRINTER-FRIENDLY  |  COMMENTS
Associated Press
Published:
Norwegian energy company Statoil said drilling works off the Canadian coast have uncovered a major oil field that could contain as much as 600 million barrels of recoverable crude.
Statoil said the discovery is approximately 300 miles northeast of St. John's, Newfoundland, and is the third large find made in the Flemish Pass region since June.
The company said oil from all three discoveries is under approximately 1,200 yards of water.
A company executive said Thursday that the latest discovery would bring Statoil "one step closer to becoming a producing operator in the area."
Statoil owns a 65 percent stake in the three discoveries, while Canada's Husky Energy owns the remaining 35 percent.
Story tags » Canada

MORE HBJ HEADLINES

CALENDAR

Share your comments: Log in using your HeraldNet account or your Facebook, Twitter or Disqus profile. Comments that violate the rules are subject to removal. Please see our terms of use. Please note that you must verify your email address for your comments to appear.

You are logged in using your HeraldNet ID. Click here to update your profile. | Log out.

Our new comment system is not supported in IE 7. Please upgrade your browser here.

comments powered by Disqus