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Statoil
STO has made a
third discovery of crude oil in the Flemish Pass Basin, offshore Newfoundland.
The discovery was made on the Bay du Nord prospect (EL1112), located
approximately 500 kilometres northeast of St. John's, Newfoundland and
Labrador, Canada.
This discovery is the second discovery for Statoil offshore Newfoundland this
year. In June, a discovery was made at the Harpoon prospect, which is located
approximately 10 kilometres from Bay du Nord.
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