Statoil installs Valemon topsides at North Sea platform

|About: Statoil ASA (STO)|By:, SA News Editor

Statoil (STO -0.5%) achieves an important milestone at its Valemon project off Norway with final installation of the topsides atop the North Sea field’s platform.

STO plans for three wells to produce when the field comes on stream at year's end; drilling on the field is planned to continue until 2017.