Statoil to Increase Production

Friday, June 16, 2006
Accordint to AP Statoil ASA will increase efforts to produce more oil in Norway's home waters, even as it expands exploration. Statoil is the key petroleum producer on Norway's offshore oil fields, operating 24 fields that account for about 60 percent of the country's production. Norway is the world's third largest oil exporter, after Saudi Arabia and Russia, with production in April of 2.4 million barrels a day plus natural gas. About 1.4 million barrels a day are produced by Statoil. In areas that are already producing, Lund said the company will use new technology to increase the amount of oil recovered from mature fields. Statoil will also step up the search for new oil reservoirs that are close to existing platforms, cutting development costs by using existing facilities, the company said.
Maritime Reporter October 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Traders Eye Floating Diesel Storage in Atlantic

Europe diesel stocks reach fresh record high; huge imports from Asia, Middle East weigh on supplies. Oil traders are preparing to store diesel in giant tankers

Shell Want Shipper Guarantees on Nigerian Crude Exports

Royal Dutch Shell has asked ship owners exporting its Nigerian oil to sign a "letter of comfort" (LoC) to guarantee it is not stolen, according to an email from the company seen by Reuters.

ICCOPR Approves Updated Oil Pollution Research Plan

The Interagency Coordinating Committee on Oil Pollution Research (ICCOPR) unanimously approved the Oil Pollution Research & Technology Plan (OPRTP) for FY2015-2021

Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1656 sec (6 req/sec)