Good news! Were we not told for years that Norway had long exhausted its natural fossil fuels reserves?
Peak Oil is a myth!
"Oil field operator Aker BP (AKRBP.OL), opens new tab and its partners have made a significant oil discovery that adds substantial new resources to their Yggdrasil field area of the North Sea, the companies said in a statement on Thursday.
The Omega Alfa exploration campaign resulted in the discovery of a recoverable volume estimated at between 96 million and 134 million barrels of oil equivalent, Aker BP said."
Significant oil discovery in the Yggdrasil area (original news release) "Aker BP has successfully completed the Omega Alfa exploration campaign in the Norwegian North Sea, resulting in a significant oil discovery that adds substantial new resources to the Yggdrasil area. The recoverable volume is estimated at 96–134 million barrels of oil equivalent (mmboe). "
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