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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Day of Seafarer: ICS Highlights Seafarers Role in Migrant Rescues

Gerardo Borromeo, Vice Chairman of the International Chamber of Shipping (ICS) took the opportunity today to highlight the courage that is currently being displayed by seafarers,

Brexit will Affect Maritime Talent

The UK’s decision to leave the EU has the potential to drive many of its maritime employees away, according to the results of a survey issued by Faststream, a recruitment specialist in Maritime jobs.

“Twiggy” Baker Wins BWT Puerto Escondido Challenge

Grant “Twiggy” Baker (ZAF) claimed victory today at the Puerto Escondido Challenge, besting a field of 24 of the world’s best big wave surfers in towering 20-to-35

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Sonar Winch
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: 0.0880 sec (11 req/sec)