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Statoil to present Oseberg Vestflanken 2 plan on Friday
December 17, 2015 / 1:17 PM / 2 years ago

Statoil to present Oseberg Vestflanken 2 plan on Friday

OSLO, Dec 17 (Reuters) - Norwegian oil firm Statoil said on Thursday it would present its development plan for its Oseberg Vestflanken 2 project offshore Norway on Friday.

New investments in oil and gas fields are currently scarce as energy firms curb spending in order to cope with a sharp fall in crude prices since June 2014.

Statoil previously said it had chosen an unmanned wellhead platform for the development because a subsea concept would be too expensive.

The unmanned platform would be controlled from the Oseberg field centre.

Statoil’s partners in Oseberg are Norwegian state-owned firm Petoro with 33.6 percent, France’s Total with 14.7 percent and ConocoPhillips with 2.4 percent. (Reporting by Stine Jacobsen; editing by Jason Neely)

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