Rigzone is reporting:
The Norwegian Petroleum Directorate reported Friday that two wildcat wells drilled by Statoil Petroleum in the southern Norwegian Sea have turned out dry.
The wells – 6407/8-7 and 6407/8-7A – were drilled about 2.5 miles north of the Hyme field and some 85 miles north of Kristiansund. They were drilled with the primary purpose of proving petroleum in Middle Jurassic reservoir rocks. Well 6407/8-7 also had a secondary target in Lower Jurassic reservoir rocks.
We've talked about this before, on the blog, the challenges facing Statoil. This is not good news.
Maybe down the road we can have the Euros support both their and our social programs.
ReplyDeleteExport at high price>tax it for ObamaCare>Euros tax it for EuroCare>Everyone's happy!
Great Britain already sees this coming ... in the news today, Great Britain looking at a Euro Exit.
Delete