Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Commodities  >  London Brent Oil    XBNT   XX00000BRENT

SummaryQuotesChartsNewsAnalysis 
News SummaryAll newsTweets 

Statoil ASA : Statoil Gets OK For Skuld Oil Field Development, To Cost NOK9.8 Billion

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/20/2012 | 02:58pm CEST

Norway's oil and gas major Statoil ASA (STO) Friday said the Norwegian ministry of petroleum and energy has given the company the green light to develop Skuld field in the Norwegian sea.

First oil from the field is scheduled for December 2012 and Statoil said that total investments in the field--which is estimated to contain 90 million barrels of recoverable reserves, mostly oil--is seen at NOK9.8 billion ($1.6 billion).

Skuld is Statoil's fifth approved fast-track plan for development and operation and its largest fast-track development so far. The Norwegian company said that the approved fast-tracks are expected to produce almost 90,000 barrels of oil equivalent per day in 2014, of which Skuld will account for more than half.

Statoil is the operator of Skuld with a 64% stake in the field. Its partners Petoro and Eni SpA (E) hold 24.5% and 11.55% respectively.

At 1328 GMT shares traded 0.7% lower at NOK146.60.

-By Katarina Gustafsson; Dow Jones Newswires; +46-8-5451-3097; [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LONDON BRENT OIL
05/10 S&P GLOBAL : Shell proposes adding Russian oil to Brent benchmark
05/03 Brent crude closes at 2017 low, erases gains since OPEC's cuts
05/03 Brent crude closes at 2017 low, erases gains since OPEC's cuts
05/03 Brent crude closes at 2017 low, erases gains since OPEC's cuts
02/20 S&P GLOBAL : Platts revamps Brent oil benchmark for first time in a decade
01/03DJBrent Crude Hits 17-Month High on Plan to Curb Output -- 2nd Update
01/03DJBrent Crude Hits 17-Month High on Plan to Curb Output -- Update
01/03DJBrent Crude Hits 17-Month High on Output Cuts
2016 Platts considers first addition to Brent basket since 2007
2016 Brent oil trading trashes volume records after OPEC, Russia agree output cut
More news
Advertisement
Chart LONDON BRENT OIL
Duration : Period :
London Brent Oil Technical Analysis Chart | XBNT | XX00000BRENT | 4-Traders
Full-screen chart
Technical analysis trends LONDON BRENT OIL
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Technical analysis