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StatoilHydro finds big gas field

economy

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StatoilHydro has announced what it describes as “one of the bigger discoveries of gas off Norway in recent years.”

The gas field is in deep water around 350 kilometres from the coast. The Norwegian energy group said preliminary estimates are that it could hold 16 billion cubic metres of gas. The find was at the first well to be drilled in a prospecting zone called Asterix. Norway is the world’s third largest gas exporter.More about:

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