Average Oil Recovery Rate News

Statoil is awarding Aker Solutions a contract today for hiring of an entirely new type of rig, which represents an important technological advance for the industry. The category B rig will represent an important contribution toward increasing recovery from existing fields. The rig with associated integrated services is expected to reduce operating costs for well intervention by as much as 40 percent. Development of technology for increasing the recovery from operating fields is an area of commitment for Statoil.