Large-scale Arctic oil and gas drilling decades away - Statoil

Newswire

* Arctic estimated to have 90 billion barrels of reserves * Statoil does not expect major production before 2030 * High development costs, harsh weather are big obstacles * Some wells cost $500 million to drill, firm says By Joshua Franklin LONDON, Nov 29 (Reuters) - Norway's Statoil said it would be decades until drilling begins for much of the Arctic's vast untapped oil and gas reserves due to the challenges of ...

REGISTER NOW

To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!
     

Already registered? here.
Connect With Us

Sponsored Introduction Continue on to (or wait seconds) ×