Statoil Postpone Bressay Field Development - Oil and Gas News.
Xcite Bentley to inspire Statoil Bressay project in UK North Sea Statoil at the drawing board to save costs on Bressay The Norwegian State-owned company Statoil and its partner, the Royal Dutch Shell (Shell), are considering all options in order to reduce costs for the development of the heavy crude oil offshore project, Bressay, in the UK North Sea.Oil reserves denote the amount of crude oil that can be technically recovered at a cost that is financially feasible at the present price of oil. Hence reserves will change with the price, unlike oil resources, which include all oil that can be technically recovered at any price.Reserves may be for a well, a reservoir, a field, a nation, or the world.Stay safe and healthy. Please practice hand-washing and social distancing, and check out our resources for adapting to these times.
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Statoil Drops Bressay Platform Order at Daewoo. Published in Oil Industry News on Friday, 29 July 2016. Norwegian oil company Statoil has canceled an option for a fixed platform for a UK North Sea development from South Korea’s shipbuilder Daewoo Shipbuilding and Marine Engineering.
