Statoil this morning confirmed a UK North Sea discovery.

The oil major and its partners made an oil discovery in the Verbier sidetrack well in the outer Moray Firth on the UK Continental Shelf, proving a minimum of 25 million recoverable barrels of oil in the immediate vicinity of the wellbore.

The discovery is thought to be between 25 and 130 million barrels of oil. Further testing will confirm the value.

“This is an encouraging result for Statoil and the UK team. We have proven oil in good quality sands with good reservoir properties, but significant work remains, most likely including appraisal, to clarify the recoverable volumes and to refine this range,” said Jez Averty, senior vice president Exploration in Norway and the UK.

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