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Statoil On Track With Mariner Field Development Project

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Hira Shahnawaz Akhtar
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Yesterday at the SPE Offshore Europe 2013, Statoil ASA (ADR) (NYSE:STO)’s executive vice president for international development and production, Lars Christian Bacher, stated that Statoil has started the build-up of its Aberdeen operating organization and is on track with the Mariner field development project.

Statoil On Track With Mariner Field Development Project

Mariner field was discovered in 1981, 250 kilometers off Scotland’s north-east coast. It is a heavy oil field located in block 9/11 of the U.K. continental shelf and will start production in 2017.

Statoil challenged by Mariner field

Mariner field has presented a serious challenge to oil...

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Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.