After reporting production gains, the Norwegian government confirmed a discovery Friday of at least 25 million barrels in its waters of the North Sea. The Norwegian Petroleum Directorate said it confirmed a discovery for Aker BP in a wildcat well 4 miles away from the closed Frigg field in the North Sea. A wildcat well is one drilled into an area not previously known to hold oil or natural gas reserves. Based on preliminary data, the NPD put the estimated size of the discovery at between 25 million and 75 million barrels of recoverable oil equivalents. “The licensees are assessing the discovery along with other nearby discoveries with a view towards potential development,” the government regulator said in a statement. The Norwegian subsidiary of BP joined Norwegian energy company Det norske in June to announce plans to create Aker BP, an independent company […]