Statoil (STO) shuts its massive Troll C oil and gas platform in the North Sea for an...

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

Statoil (STO) shuts its massive Troll C oil and gas platform in the North Sea for an undetermined period due to corrosion in a gas treatment system, reducing Norway's oil production by ~8%. Troll C has a daily production of ~120K barrels of oil and 10.5M cubic meters of gas from the Troll and nearby Fram fields.