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    market news

    Statoil ASA to Bring Crude Oil Ashore by Pipeline

    Investing News Network
    Feb. 12, 2013 04:28AM PST
    Oil and Gas Investing

    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.

    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.

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