OSLO Nov 15 Norway's Statoil and its
partners have decided to extend the lifetime of its oldest oil
platform, Statfjord A, in the North Sea until 2020, the company
said on Thursday.
The Statoil-operated field produced more than 4.7 billion
barrels of oil equivalent since the production start in 1979,
and the production in 2013 was 80,000 barrels of oil equivalent
To keep the oil and gas flowing the partners in the license,
which includes ExxonMobil and Centrica, plan to
drill 10 new wells in the field in 2014, Statoil said.
The partners have recovered a record 66 percent of oil from
the field so far, compared with the original plan of 40 percent
and a global average of 35 percent.