Infill Thinking Lifting the O&G knowledge curve
An internal challenge set by the Statoil front office this year tasked engineers with something that would have once been thought impossible: turn a profit on a major new Barents Sea field development, the Johan Castberg, at $40 oil.
Is $40 is the new $70? Statoil’s internal hurdle was lowered earlier this year to $40 per barrel from $50 per barrel previously in the downturn and $70 for Norwegian development in general before the downturn. Statoil’s new target tests the boundaries of modern engineering and offshore optimization.
There’s a lot more to this story…
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