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Norway's state owned Den norske stats oljeselskap AS and independent Saga Petroleum AS plan to squeeze extra oil from projects in the North Sea.
Statoil asked the Norwegian government for a permit to develop two small discoveries in the Sleipner area in Block 15/9. They are the My discovery south of Sleipner fields and a Triassic reservoir in the East Sleipner development area's Loke satellite field.
My holds estimated reserves of 2.1 billion cu m of gas plus some condensate, while the Loke Triassic reservoir has estimated reserves of 2.4 billion cu m of gas plus small volumes of oil and condensate.
Statoil plans to develop My using one of the longest …