Statoil (STO) reportedly is targeting $3.6B (NOK20B) in additional investments on its Gullfaks...

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

Statoil (STO) reportedly is targeting $3.6B (NOK20B) in additional investments on its Gullfaks field off Norway as it seeks to boost recovery and curb the risk of further leaks from the high-pressure reservoir. STO already is pumping NOK15B into four projects at the North Sea field with the aim of extracting another 142M boe and extending its producing life.