"We
are
now
assessing
the
discovery
to
determine
how
and
when
it
can
be
economically
developed,"
Erik
Finnstrom,
senior
vice
president
of
Statoil's
Exploration
North
America,
said
in
a
statement
on
Wednesday.
Statoil
drilled
an
appraisal
well
at
Mizzen
in
late
2011.
Wednesday's
announcement
was
the
company's
first
indication
of
that
well's
results.
"Our
focus
is
to
define
the
resource
potential
of
the
Flemish
Pass
basin
by
continuing
to
test
high-impact
oil
prospects
on
our
land
holdings
and
to
continue
to
build
this
area
as
a
core
exploration
region
for
the
company,"
Finnstrom…
