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Statoil greenlights $7B Mariner heavy-oil project in UK North Sea

Green Car Congress

DECEMBER 23, 2012

Statoil has made the investment decision to develop the Mariner heavy oil field development in the UK North Sea. —Lars Christian Bacher, executive vice president for Development and Production International in Statoil. Both formations yield heavy oil— bordering on extra-heavy oil—of around 12 to 14 degrees API.

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Mariner Oil Oil-Sands 2007 225
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Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

Green Car Congress

NOVEMBER 6, 2015

One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.

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Oil Oil-Sands Saudi Arabia Oil Prices 150
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