Norway Makes Oil Discovery

The Norwegian Petroleum Directorate has announced that exploration company Pertra ASA, has discovered oil in Paleocene sands in Norway.

Pertra made the discovery 16km north-west of the Varg Field in the 'Storskrymten' prospect.

The well has produced oil in parts of 36m thick sandstones at a depth of 2,550m and the reservoir section will be sampled and evaluated before a decision to drill a side-track is made.

The company says drilling will continue to test the potential of another prospect at 3,300m called 'Grytkollen'.