Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Shares  >  Oslo Bors  >  Statoil ASA    STL

Delayed Quote. Delayed BATS EUROPE - 07/29 05:29:59 pm
139.5000 NOK   +1.53%
07/29 OMV to sell UK North Sea Rosebank project stake - sources
07/28DJADRs End Higher; Baidu, BP Decline
07/28 STATOIL ASA : Launches Safety Training for Fishermen
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Statoil ASA : Limited production start-up at In Aménas

02/23/2013 | 10:27am US/Eastern

The In Aménas gas facilities in Algeria operated by the Joint Venture partners Sonatrach, BP and Statoil, initiated a limited production start-up yesterday, Friday 22 February.

Production from the plant's train 1 was started-up following a detailed review of technical integrity, security, and other conditions, and after the partners had concluded that the criteria required to ensure a safe restart of train 1 had been met. The remaining two production trains were damaged during the terror attack, and will not be put on stream until it is safe to do so.

The physical inspection of train 1 was conducted by Sonatrach on behalf of the Joint Venture, and the documentation has been fully reviewed by both Statoil and BP.

Lars Christian Bacher, executive vice president for Development and Production International in Statoil.

(Photo: Helge Hansen, Statoil)

"The Joint Venture has initiated a limited production start-up at In Amenas. We thank Sonatrach for the work they have done and continue to do on behalf of the Joint Venture, during this difficult time for everyone involved", says Lars Christian Bacher, executive vice president for Development and Production International in Statoil.

During the production start-up phase, the facilities will be operated by Sonatrach on behalf of the Joint Venture. Statoil and BP staff will not yet be redeployed but technical specialists will provide support when needed, in line with strict security procedures established for short-term visits.

Statoil is currently in a close dialogue with Algerian authorities, Sonatrach and BP about the necessary conditions for full production and a redeployment of staff.

"The safety and security of our people is our utmost priority. We will take whatever time needed to conduct all required assessments and reviews and take all necessary precautions before we consider a re-entry of Statoil personnel," says Bacher.

Coinciding with production start-up, Sonatrach will hold a commemoration ceremony at the In Amenas facilities Sunday 24 February in connection with the Algerian Day of Nationalisation of Hydrocarbons. A memorial monument with the names of the victims of the terror attack will also be unveiled.

distributed by
React to this article
Latest news on STATOIL ASA
07/29 STATOIL ASA : BPCL buys first shipment of Russian Far East crude grade
07/29 STATOIL ASA : ’s Reitan sets sights on U.S. shale oil cost cutting
07/29 STATOIL ASA : More Oil From Gullfaks
07/29 OMV to sell UK North Sea Rosebank project stake - sources
07/29 STATOIL ASA : Q2 profits hit by lower oil prices, higher costs
07/28 STATOIL ASA : keeps afloat due to asset sales
07/28DJADRs End Higher; Baidu, BP Decline
07/28 STATOIL ASA : Julius Discovery Holds 15 to75 MMBOE of Recoverable Gas and Conden..
07/28 STATOIL ASA : Launches Safety Training for Fishermen
07/28 STATOIL ASA : 2015 second quarter results
Advertisement
Chart
Duration : Period :
Statoil ASA Technical Analysis Chart | STL | NO0010096985 | 4-Traders
Income Statement Evolution
More Financials