Statoil Scraps CO2 Plan
Date: Saturday, June 30 @ 02:07:00 PDT
Topic: Production; Extraction; Exploration
Use of CO2 for enhanced oil recovery on Draugen is not commercially defendable and thus will not make a positive contribution to the value chain. The extra oil volumes that the Draugen license operator believes to be recoverable are too low to justify the necessary investments in the field. Modifications of the platform would also be extensive and require shutdown for approximately one year.
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