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johnsyn

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johnsyn

Re: Timothy Smith post# 158

Wednesday, 12/12/2012 6:14:27 PM

Wednesday, December 12, 2012 6:14:27 PM

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8:54 AM 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

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