Statoil makes oil discovery in Gulf of Mexico

Statoil and its partners are evaluating further appraisal activity.Statoil has made an oil discovery in its Miocene Yeti prospect located in the Gulf of Mexico (GoM). “The Yeti discovery expands the proven sub-salt Miocene play further south and west of the Big Foot field,” says Jez Averty, Statoil’s senior vice president, exploration for North America. “We are analysing data to determine the the size of the discovery in order to consider future appraisal options.”