Norwegian oilThe Administration announced on Tuesday that ConocoPhillips of the United StatesThe company has discovered large oil fields in the northern part of the Heidrun field in the Norwegian Sea, with recoverable reserves estimated at between 76 million and 201 million barrels of oil equivalent, and can be developed using the existing infrastructure in the area.

This is ConocoPhillips's second major oil and gas discovery in the Norwegian Sea in two months. In November, the company discovered natural gas southwest of the Skarv field.