"Field development studies of Valemon are currently being made. However, it is too early to say anything about any development of this gas condensate find," Statoil vice president Astrid Sorensen said.
"We will look at alternatives involving a separate development and hook-up to other infrastructure."
The appraisal well, sunk from the Kvitebjorn production platform, was drilled to a total length of 7380 metres and is the longest high-pressure/high-temperature well drilled by the group.
Sorensen
