Statoil Adds A New Field To Its Portfolio – Visund North

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Hira Shahnawaz Akhtar
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Statoil ASA (ADR) (NYSE:STO) has recently added the Visund North field to its portfolio where production has just started up. Visund North field is located in the North Sea and is prolific in both oil and gas. Statoil’s fast track projects Statoil ASA (ADR) (NYSE:STO) had earlier announced 12 fast track projects and Visund North is one of them. It is the sixth project to come online and follows the successes in Visund South. Visund North field contains total recoverable reserves of 29 million barrels of oil equivalent (boe) while investment in the field to date is estimated at NOK…

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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.