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Friday, March 12, 2010
Statoil Upgrades Oil Production From Oseberg Field By 20 Million Bbl
By Stockholm Bureau
Dow Jones Newswires
DOW JONES NEWSWIRES
Statoil Friday said it is increasing oil production from the Oseberg field in the North Sea due to low-pressure production.
MAIN FACTS:
- Modifications to yield an additional 20 million barrels of oil from Oseberg.
- The additional value is nearly NOK10 billion at the current oil prices.
- Total investments in Oseberg low-pressure production were NOK1 billion.
- The project was completed NOK200 million below budget.
Copyright © 2009 Dow Jones Newswires
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