Statoil (STO) says new seismic tools will result in 30M extra barrels of oil from its Snorre and...

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

Statoil (STO) says new seismic tools will result in 30M extra barrels of oil from its Snorre and Grane fields. ~700 km of seismic cables, delivered by Geospace Technologies (GEOS), will be placed in trenches on the seabed on these two fields, each with large remaining reserves. STO estimates it could recover additional NOK19B worth of oil on the two fields.