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Green Light to Skuld

The Ministry of Petroleum and Energy has given the green light to the plan for development and operation (PDO) of Skuld, a fast-track development tied in to the Norne field in the Norwegian Sea. Skuld is Statoil’s fifth approved fast-track PDO, and the largest fast-track development so far. All of these fields are scheduled to come on stream by year-end 2012/early 2013.In combination, the approved fast-tracks are expected to produce almost 90.000 barrels of oil equivalent per day in 2014…