Aker BP makes large oil discovery offshore Norway

Aker BP has discovered a much larger oil resource than expected with an exploration well in the Yggdrasil (Noaka) area in the Norwegian North Sea.

Preliminary estimates of the Ost Frigg Beta/Epsilon exploration well indicate a gross recoverable volume of between 40 million and 90 million barrels of oil equivalent, surpassing the pre-drill guidance of 18 million to 45 million...