EnergyWatch

Statoil's oil drillings in the Barents Sea disappoint

The oil and gas discoveries in Statoil's drillings in the Barents Sea this year have been disappointing, acknowledges the Norwegian oil major. But the program was cheap, says CFO.

Photo: Harald Pettersen - Statoil

The discoveries in four out of five of Statoil's planned oil drillings in the Barents Sea have disappointed, acknowledges the oil major's CFO, Hans Jakob Hegge, according to Norwegian media Dagens Næringsliv. However, he describes the drilling program as moderately successful.

"The success lies in the fact that the drilling program was cheap, that we had high operational efficiency, and that we did not have any serious accidents or other events."

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Norway awards more than 50 new oil licenses

Norwegian oil giant Equinor has received almost half of the new licenses on the Norwegian continental shelf where there is still significant interest in new oil and gas deposits.

Further reading

Related articles

Latest News

See all jobs