Lack of sufficient gas discoveries halt Snohvit expansion plans

Posted on October 5, 2012

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(From Oil and Gas Journal 2012-10-02)

Norwegian producer Statoil ASA and its partners have cited lack of sufficient natural gas discoveries in the Snohvit license area in the Barents Sea as the main reason for the decision to halt any plans to expand the project. Statoil stated Oct. 2 that the partners will instead focus on optimizing and upgrading the existing single-train, 4.3 million tonne/year gas liquefaction facility on Melkoya off Hammerfest

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