Occidental Petroleum Corp said a group in which it is a participant discovered oil in the offshore Norwegian North Sea Block 9/2-1 exploratory well. The well tested at a maximum rate of 6800 barrels of 39 degree API gravity oil and 918 thousand cubic feet of gas through a 3/4 inch choke. The well the first to be drilled on the block was drilled in about 320 feet of water to a total depth of 12228 feet subsea. Occidental has a 10-pct stake in the 136067-acre block operated by Statoil the Norwegian state oil company which holds a 50 pct interest.
OCCIDENTAL <OXY> HAS STAKE IN NORWAY OIL FIND