In what is being called Norway’s largest oil discovery this year, Neptune Energy said its Dugong find also could become a new North Sea production hub. With a resource estimate of 40–120 million BOE and potential upside to 153 million BOE from a nearby prospect, Dugong reinforces a positive outlook for high, long-term value creation on the Norwegian shelf, according to the Norwegian Petroleum Directorate. Giant Discovery Raises Norwegian Oil Project Hopes
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