Mizzen Discovery Signals Eastern Coast Offshore Take Off

BMI View: Statoil has confirmed the discovery of 100-200mn bbl of recoverable oil in the Mizzen prospect. This announcement could encourage further investment in Canada's Eastern Coast offshore acreage where conventional production is declining. Thanks to the sustained high oil prices of recent years, investment in deepwater exploration has been flowing into the area and Statoil's efforts and successes only confirm that the region's fate has now

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