Aker BP has revealed that the Øst Frigg Beta/Epsilon exploration well situated in the Yggdrasil area of the Norwegian North Sea has resulted in a “significant” oil find. Preliminary estimates indicate a gross recoverable volume of 40-90 million barrels of oil equivalent, according to the company, which highlighted that this figure surpassed a previously communicated pre-drill estimate of 18-45 million barrels of oil equivalent. Aker BP said the discovery enhances the resource base for the Yggdrasil development, which it noted was previously stated at 650 gross million barrels of oil equivalent. the plan for ... (full story)