Statoil investigating if cutbacks impede safety

The comprehensive focus on cutting costs at Statoil could be damaging for safety at the oil company, which over the past two months has suffered eight serious incidents, writes Norwegian media Aftenposten.

Photo: Øyvind Hagen/Statoil

Statoil is now launching an investigation of whether or not the oil company's focus on cutting costs in a rough oil market has been detrimental to safety standards.

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