Statoil

Statoil and its partners in the Fram license have agreed to invest in a new project to increase production from the Fram field in the United Kingdom North Sea. The decision, which was taken in agreement with partners in the Troll license, means that $122 million be spent on a new gas module at the Troll C platform in Norwegian waters. This will help to increase Fram’s oil production and gas exports and provide conditions for further area development. Statoil said the planned investment is enabled by standardized solutions and equipment, close interaction between operations and suppliers, and a focus on keeping a lean project.


STAY CONNECTED

Don't miss the latest content delivered to your email box weekly. Sign up for the JPT newsletter.