OSLO, April 11 (Reuters) - Norwegian oil majorStatoil has made a gas and oil discovery near theValemon field in the northern part of the North Sea, the companysaid in a statement on Friday.
"Statoil estimates the total volumes in Valemon North to bein the range of 20-75 million barrels of recoverable oilequivalent," it said in a statement.
"By proving additional volumes in the area we increase thereserves base in the Valemon Unit area and add value to theValemon field development."
The partners in the Valemon North licence are Statoil with53.8 percent, state oil firm Petoro with 30 percent, CentricaResources with 13 percent and Shell with 3.2 percent. (Reporting by Joachim Dagenborg, editing by Terje Solsvik)