Seeking Alpha

Statoil to extend lifetime of Statfjord A platform off Norway

  • Statoil (STO) decides to extend the lifetime of its oldest oil platform, Statfjord A, in the North Sea until 2020.
  • To keep the oil and gas flowing the partners in the license, which includes ExxonMobil (XOM) and Centrica (CPYYF, CPYYY), plan to drill 10 new wells in the field in 2014.
  • The field has produced more than 4.7B boe since production started in 1979; YTD 2013 production is 80K boe/day.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs