Marine Link
Friday, March 29, 2024

Statoil Cuts Gas Estimates 10-20%

Maritime Activity Reports, Inc.

November 4, 1999

Statoil cut estimates of recoverable gas reserves at the Kvitebjoern prospect in the North Sea by 10 to 20 percent. The company said it and its partners -- Elf and Norsk Hydro -- were now reassessing whether the prospect was commercially viable.

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week