Seeking Alpha

Statoil installs Valemon topsides at North Sea platform

  • 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.
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