Oil Find Bigger Than Expected

Oil Find Bigger Than ExpectedOil Find Bigger Than Expected

An oil find by Statoil is much bigger than earlier thought and the find could be tied into the Grane field, said the company, Reuters reported. The discovery, first proven in 1992, contains between 30 and 80 million barrels of recoverable oil, well above previous estimates for about 6 million barrels, the Norwegian Petroleum Directorate added.