Statoil (STL.OS) says it has made a major oil discovery in the
Barents
Sea
at the Skrugard prospect, and this is "truly excellent news,"
says Trond Omdal at Arctic Securities. This could mean up to 250 million
barrels of oil equivalent, Omdal notes. The Skrugard well was identified as a
"high impact well," but the
Barents Sea
has
been "very disappointing" recently, Omdal says. Shares up 1.9% at NOK156.20.