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Statoil’s Njord platform will be upgraded by Stord

The Norwegian Sea platform will be towed to shore for upgrades this year. Kværner Stord will upgrade the platform for future operations and drilling. In addition, the platform`s time at the shipyard will be used for general maintenance.



Varg will finally be closed

The Petroleum director (Ptil) has given field partners at the Varg field permission to stop production. Repsol, the operator, plans to stop production in June. The company has terminated the contract for the production ship working on the field. In the third quarter of 2016, Repsol wants to remove the subsea infrastructure on the field.



Exploration director claims that Statoil is the industry's largest exploration actor

Statoil's exploration director, Tim Dodson, argues that no other oil company is currently acquiring more exploration areas than Statoil. Dodson believes that Statoil is positioning the company to fill the deficit that will arise in the oil market when current oversupply halts.



Aker solution surpasses profit expectations

The company reports a profit after tax of NOK 169 million (€ 18.3 million) in the first quarter of 2016, down from NOK 220 million (€ 23.81 million) in the same period last year. However, profits expectations were NOK 117 million (€ 12, 66 million) in the quarter. Aker claims that successful cost focus is the main reason for the quarterly results surpassing expectations.


Press Contact

Verena Sattel
Communication Manager North Sea, Spokesperson