Statoil to Invest $14.5 Billion in Skrugard-Havis Oil Link
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Statoil ASA, the Norwegian energy company preparing to develop the Barents Sea’s biggest oil finds, plans to spend 80 billion kroner ($14.5 billion) to bring the crude ashore by pipeline.
Output will be piped from the twin Skrugard and Havis discoveries to a terminal in Veidnes near Norway’s North Cape, Oeystein Michelsen, Statoil’s head of development and production, said today in an interview in the town.