Media: Statoil halved maintenance at problematic refinery

Over a few months, oil major Statoil halved its maintenance budget for the Mongstad refinery, writes Dagens Næringsliv. Statoil recently came out and acknowledged that an accident at Mongstad could have cost lives.

Photo: Øyvind Hagen - Statoil

Over a few-month period in 2011 and 2012, the budget for maintenance tasks was halved at Statoil's Mongstad refinery north-west of Bergen in Norway.

This is according to Dagens Næringsliv, which emphasized that it was Eldar Sætre – current president and CEO of Statoil – who was in charge of the oil refinery when the cost-cutting initiatives were adopted. Sætre was interim CEO of the group with responsibility for Mongstad until the fall of 2014, when he became the permanent head of Statoil group.

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