Current STO Stock Info

Statoil continues to delineate resources near King Lear discovery offshore in Norway
Norway’s Statoil (ticker: STO) announced its 2/4-23S well (Julius) discovered gas and condensate in the Ula formation, offshore Norway in the North Sea, southeast of Stavanger. STO estimates that there is 15 to75 million barrels of oil equivalent (MMBOE) in the Julius discovery.

Statoil also drilled the Julius well to further delineate its earlier King Lear discovery made in 2012. The company’s press release said that it continues to believe that there is 7...


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