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Statoil begins production at North-East oil field

Published March 11, 2013 Updated March 11, 2013 12:37pm

1 min

By Muhammad Iqbal

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OSLO: Norwegian energy firm Statoil has started production at its small Vigdis North-East oil field in the Norwegian North Sea with reserves around 37 million barrels of oil equivalent, it said on Monday.

The field, discovered in 2009, is owned by Statoil (41.5 percent), state holding firm Petoro (30.0 percent), ExxonMobil (16.1 percent), Idemitsu (9.6 percent) and RWE (2.8 percent).

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