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2015-12-04 21:30:00

STATOIL WANTS ARCTIC

STATOIL WANTS ARCTIC

Statoil ASA's not about to give up on the Arctic.

The state-controlled oil producer will need the output from the far north to meet a goal of keeping up production levels in Norway to 2030 and beyond, Arne Sigve Nylund, Statoil's head of development and production in Norway, said in an interview on Thursday. Norwegian production now makes up about 61 percent of the total.

Statoil this week submitted an application to Norway's 23rd licensing round which includes…

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Tags: STATOIL, ARCTIC, OIL
Chronicle:
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