Statoil to Develop Rutil Discovery in North Sea
December 16 2014 - 11:11AM
Dow Jones News
Norwegian oil and gas company Statoil ASA (STL.OS) said Tuesday
that the company and its partners have decided to develop the Rutil
discovery located in the Gullfaks Rimfaks valley in the North
Sea.
The company said it has now submitted a development plan for
Gullfaks Rimfaks valley. The development will provide around 80
million barrels of oil equivalent and will extend the lifetime of
the Gullfaks A platform.
Write to Tapan Panchal at tapan.panchal@wsj.com
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