StatoilHyrdro reports big gas find off Norway

Norwegian group StatoilHyrdro said on Monday that it had found a deepwater gas field off the Norwegian cost that could hold 16 billion cubic metres of gas, describing it as “one of the bigger disoveries off Norway in recent years.”

The company said gas had been discovered in a prospecting zone called Asterix, 1,360 meters deep 345 kilometers (217 miles) off the coast in the Norwegian Sea.
With estimated recoverable reserves of 16 billion cubic meters, the new field is equivalent to about a month and half’s worth of Norwway’s total gas output, which came to 9.7 billion cubic metres in February.

Yahoo!