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StatoilHydro made gas discovery

Norwegian energy major StatoilHydro has found gas in the Asterix prospect, located 1,360 metres depths 345 kilometres off the coast in the Norwegian Sea.

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This represents one of the bigger discoveries off Norway in recent years, and we’re very pleased with the result,” says Tove Stuhr Sjøblom, StatoilHydro’s head of Norwegian exploration, says in a press release.

Preliminary estimates put the proven recoverable volume at about 16 billion cubic metres, the company says.