Posted AT 4:51 PM EST on 04/07/08
StatoilHydro finds natural gas in Barents
OSLO — StatoilHydro ASA says it has discovered natural gas with a wildcat well drilled in the Barents Sea, about 200 kilometres north of Norway's northernmost tip.
The national petroleum directorate, which made the announcement Friday, said it was too early to estimate the size of the find but planned to further study the first well in the new Arctic exploration block.
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