Statoil ASA to Bring Crude Oil Ashore by Pipeline

Bloomberg reported that Norwegian Energy Company, Statoil ASA, which is currently making plans to develop Barents Sea’s largest oil finds, intends to bring crude oil ashore by means of a pipeline according to Petoro AS.

As quoted in the market news:

Output will be piped from the twin Skrugard and Havis discoveries, Jan Rosnes, Petoro’s vice president for gas fields and new developments, said today in an interview in Tromsoe, declining to provide further details on the development plan.

Click here to read the full Bloomberg report.