The Bay du Nord discovery, announced in September, is estimated to contain between 300 million and 600 million barrels of recoverable oil. It comes on the heels of two other finds in exploration licence 1112, Mizzen in 2010 and Harpoon in 2013.
"Canada barrels are quite profitable. We are now looking to see whether we can fast-track it," Margareth Ovrum, Statoil executive vice president for technology, projects and drilling, said at a technology event in Houston Wednesday.
"We
