Thursday, 27 January 2011

Statoil to reduce capacity at giant Troll field

Norway's Statoil said it was planning on Thursday to curb production capacity to conduct repairs at its giant Troll field, the biggest gas reservoir off Norway, and that the work would last less than a week.

The news on Troll, which produces 31 billion cubic metres of gas per year and 113,000 barrels of oil per day, comes amid a 70 percent drop in the flows of Norwegian gas via the Langeled pipeline that helped push UK gas prices to a three-week high.

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