Norsk Hydro ASA discovered oil and natural gas at a new Arctic prospect with a wildcat well in the Barents Sea off Norway's northern tip, The Associated Press quoted the Norwegian Petroleum Directorate as announcing Wednesday. The well was drilled at Nucula prospect, some 65 kilometers (40 miles) off the northern village of Honningsvaag. While seen as promising, it was too early to estimate the extent of the find, a directorate news release said. Norsk Hydro Vice President Tore Lilloe-Olsen, head of the petroleum and aluminum group's Norwegian exploration unit, also said the discovery was encouraging.
