June 21, 2011 at 14:59 PM EDT
(STO) Statoil ASA to Use Subsea Compression
Statoil ASA (STO) is on track to boost its gas recovery rate at subsea wells in various fields. Accordingly, the Norwegian company plans to implement subsea compression — an advanced process for production enhancement — at the Gullfaks field, offshore Norway. Since 2008, Statoil and Framo Engineering have been working on technology upgrade for compressing [...] (STO) Statoil ASA to Use Subsea Compression
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