June 19, 2013 / 10:10 AM / in 4 years

REFILE-Statoil finds oil offshore Canada, near previous find

OSLO, June 19 (Reuters) - Norwegian oil and gas firm Statoil discovered light, high-quality oil offshore Canada, about 500 kilometres north-east of St. John’s in Newfoundland and Labrador, it said on Wednesday.

“While it is still too early to determine Harpoon’s resource potential at this time, this is very encouraging for the area and especially for the Bay du Nord well planned for later this year,” Erik Finnstrom, Statoil’s senior vice president for Exploration North America said.

The discovery is near the Mizzen find, which holds up to 200 million barrels of oil.

Statoil operates the licence with a 65 percent interest while Husky Energy holds 35 percent.

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