- Statoil (STO) says it plans to increase the oil recovery rate at its Oseberg East field with a new drilling campaign starting up in the summer of 2015.
- STO expects to improve the recovery rate from ~20% to as high as 30% when it drills the first planned wells, with the potential for drilling more wells and further increasing the recovery rate towards 40%.
- Oseberg East is the smallest of the platforms in the Oseberg area in the North Sea, holding ~41.5M barrels of recoverable oil.
From other sites
at CNBC.com (Jan 15, 2015)
at CNBC.com (Jan 5, 2015)
at CNBC.com (Dec 15, 2014)
at CNBC.com (Dec 11, 2014)
at CNBC.com (Nov 28, 2014)
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