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

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

Real-time Quote. Real-time  - 05/30 03:09:03 am
49.365 USD   -1.53%
02:50a Asia shares slip, dollar firm after Yellen's hike remarks
05/27 Dollar gains, bond prices fall after Yellen remarks
05/27 Dollar gains, bond prices fall after Yellen remarks
SummaryQuotesChartsNewsAnalysis 
News SummaryAll news 

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; katarina.gustafsson@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on LONDON BRENT OIL
02:50a Asia shares slip, dollar firm after Yellen's hike remarks
05/27 Dollar gains, bond prices fall after Yellen remarks
05/27 Dollar gains, bond prices fall after Yellen remarks
05/27DJOil Prices Trade Retreat From $50
05/27 Oil slips for second day as $50 level sparks new output fears
05/27DJOil Prices Trade Retreat From $50
05/27DJToday's Top Supply Chain and Logistics News From WSJ
05/27DJOil Prices Retreat From $50
05/27DJOil Prices Trade Lower in London
05/27DJASIA MARKETS : Asian Shares Head For Third Straight Week Of Gains
Advertisement
News chart
Full-screen chart