Statoil (STO -0.5%) reveals a new strategy for delivering oil from the Barents Sea, involving...

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

Statoil (STO -0.5%) reveals a new strategy for delivering oil from the Barents Sea, involving construction of a 280-km pipeline and a terminal in northern Norway which would receive production from the recently discovered Skrugard and Havis fields. Just seven km apart, the two fields have combined resources estimated at 400M-600M boe. No word on how much the development will cost.