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

People & Company News

Young Taken on PESA Advisory Board

Hoover Container Solutions’ chairman and CEO, Donald Young, has been nominated and elected to the Petroleum Equipment & Services Association (PESA) Advisory Board for a three-year term.

US Navy Tests Latest Aegis Weapon System

The U.S. Navy conducted a series of cooperative air defense test exercises with the Spanish navy that culminated in live missile firing events using the latest Aegis Weapon System baseline July 20-21.

Antwerp Port CEO Scoops Baron Title

After 25 years as CEO of Antwerp Port Authority, Eddy Bruyninckx has been raised to the nobility by H.M. the king of Belgium with the rank of baron. In Belgium

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Sonar
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: 0.0803 sec (12 req/sec)