Statoil recommends building a new drilling and processing platform on the Snorre field in the North Sea to extract maximum remaining reserves.
"The platform solution is the best alternative for maximising production and creating the greatest possible value," says Øystein Michelsen, Statoil executive vice president for the Norwegian shelf.
Øystein Michelsen, Statoil executive vice president for the Norwegian shelf.
"Snorre 2040 is an important improved oil recovery (IOR) project and supports our ambition of achieving an average oil recovery rate of 60% from our fields on the Norwegian shelf."
To read the full press release, please visit the Statoil website.