The U.K. approves Statoil's (STO) field development plan for the $7B Mariner heavy oil field in...

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

The U.K. approves Statoil's (STO) field development plan for the $7B Mariner heavy oil field in the North Sea, the U.K.'s largest offshore development in more than a decade. The U.K. is a major partner for STO, which is in the planning phase for its next U.K. heavy oil field, Bressay, and expects to make an investment decision on that later this year.