Statoil, Husky Energy Announce Significant Oil Discovery Offshore Canada
September 26, 2013 at 05:58 AM EDT
Statoil (NYSE: STO ) Canada and co-venturer Husky Energy (OTC: HUSKF ) have announced that the first Bay du Nord exploration well has discovered between 300 and 600 million barrels of oil recoverable. The Bay du Nord discovery, located approximately 500 kilometres northeast of St. John's, Newfoundland and