Shows & Panels
- AFCEA Answers
- Ask the CIO
- The Big Data Dilemma
- Carrying On with Continuity of Operations
- Connected Government
- Constituent Servicing
- Continuous Monitoring: Tools and Techniques for Trustworthy Government IT
- The Cyber Imperative
- Cyber Solutions for 2013 and Beyond
- The Data Privacy Imperative: Safeguarding Sensitive Data
- Expert Voices
- Federal Executive Forum
- Federal IT Challenge
- Federal Tech Talk
- Mission-critical Apps in the Cloud
- The Modern Federal Threat Landscape
- The Path from Legacy Systems
- The Real Deal on Digital Government
- The Reality of Continuous Monitoring... Is Your Agency Secure?
- Veterans in Private Sector: Making the Transition
Shows & Panels
Statoil to build Arctic oil terminal
Tuesday - 2/12/2013, 12:10pm EST
OSLO, Norway (AP) -- Norwegian energy company Statoil ASA says it plans to build a new oil terminal on the country's Arctic coast to process oil from a recent discovery in the Barents Sea.
Statoil chose a development concept Tuesday that envisions transporting oil from the Skrugard field, which is expected to come on stream in 2018, through a 174-mile (280-kilometer) pipeline to the new terminal outside Honningsvaag, on Norway's northern tip.
Statoil vice president Oeystein Michelsen says the project "may spark off a new industrial era" in northern Norway.
In 2011 the company announced large oil finds in the Skrugard and nearby Havis fields in the Barents Sea, which is seen as Norway's new frontier for offshore oil and gas. Statoil says production is expected to reach almost 200,000 barrels per day.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.