Statoil to invest over EUR 1 billion to vastly extend lifespan of Norwegian field

The field should have been closed by 2014 at the latest, but against all odds it continues to produce, and now the lifespan of the Snorre field has been extended to 2040.
Photo: Hjalmar Otto Fjøsne/Aker Solutions
Photo: Hjalmar Otto Fjøsne/Aker Solutions

If recent news from the Norwegian oil and gas group were anything to go by, it seems Statoil has deep pockets.

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