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Wednesday, June 20, 2012

Statoill Finds 200 million Barrels of Oil off St. Johns


Norway’s Statoil ASA has found recoverable oil off the coast of Newfoundland and Labrador.
Statoil announced Wednesday that there are 100 million to 200 million barrels of recoverable oil in the Flemish Pass Basin area, located about 500 kilometres east of St. John’s.

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