Statoil seeks to prolong oil bounty from NCS

01/16/2012
Statoil said the Norwegian Continental Shelf, where it made the world's largest 2011 oil discovery at Aldous, will remain the company's backbone for years. In what it termed a "unique year," Statoil also discovered Skrugard, a substantial oil discovery with a gas cap, in the Barents Sea as a "potential door-opener" for a new oil province. Statoil spudded an exploratory well on the Havis structure southwest of Skrugard in December 2011 and will drill a Skrugard appraisal well shortly. The company made seven investment decisions in 2011 and will maintain its current production level by adding 600,000 to 700,000 b/d of new output until 2020, said Oystein Michelsen, execut...
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