Statoil: More oil from Statfjord

Operator Statoil and the other licensees in the Statfjord field in the North Sea have decided to optimise the Statfjord late life project by postponing the depressurisation of the Brent reservoir on the Statfjord field by one year, from 2007 to 2008. This optimisation will boost the oil production by more than seven million new barrels from the Brent reservoir.

Gas exports to the UK in 2007 will remain the same. The gas production and depressurisation of the Statfjord reservoir on the Statfjord field will be maintained.