Statoil: Norway oil output to fall without new areas
OSLO, March 11 |
OSLO, March 11 (Reuters) - Statoil (STL.OL) CEO Helge Lund said that without new exploration areas and big new oil finds Norwegian production will fall "significantly" after 2020.
He said it normally takes 10-15 years between the opening of an area for exploration and start of production.
(Reporting by Oslo newsroom)
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