Statoil finds oil at Harpoon

Ashley Fitzpatrick
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No estimates yet on how much might be available in area

Statoil has announced a discovery of oil at its Harpoon prospect in the Flemish Pass.

The location is about 500 kilometres northeast of St. John’s, but is only about 10 kilometers from the company’s significant discovery at its Mizzen prospect. That find of 100-200 million barrels was announced at the Noia annual conference in June of last year.

The news about the Harpoon prospect comes in the midst of the same annual industry event — drawing together the oil operator, supply and service community on Canada’s east coast.

While releasing news of the find, the company does not have an estimate as to how much oil might be available at Harpoon. The company has said what it encountered is “light, high-quality oil.”

“While it is still too early to determine Harpoon’s resource potential at this time, this is very encouraging for the area and especially for the Bay du Nord well planned for later this year,” said senior vice president for Statoil in North America, Erik Finnstrom, in a company statement.

“We anticipate there will be further appraisal drilling to mature this discovery in the future,” he said.

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Organizations: Statoil, Husky Energy, Hibernia

Geographic location: Canada, North America, Terra Nova

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Recent comments

  • Tom Bayne
    June 19, 2013 - 11:08

    another Oil discovery

  • Christopher Chafe
    June 19, 2013 - 09:41

    This is great news, not only for the longevity of our new born oil industry here, but it brings light to the fact that we have an under utilized industry right under our toes. Dunderdale now is not the time to gloat and take self praise, now is THE time to forge a new Map for the Province of Newfoundland and Labrador. Now is the time to ensure that our future will indeed be so bright and prosperous that we will finally be the province we should be. Now is the time to to begin diversification of our economy. Now is the time to start to entice and attract some of the biggest companies in other industries here to the province (Information Technology, Research and Development, Production). Most importantly NOW IS THE TIME to ensure that every Newfoundland and Labradorian who were forced to move to the mainland for work, will have the option to move back home to work and keep their lifestyle intact.