Statoil Reduces Output in March

Statoil reduced oil output from six of its fields on the Norwegian Continental Shelf in March. Production was cut back in line with the agreement made to OPEC for reduction in Norwegian oil output during the first quarter of this year.

The Norne, Statfjord East, Statfjord North, Gullfaks and Veslefrikk fields all operated at lower production during march. The Glitne field was shut down for just over two days. Production was normal on the other Statoil-operated fields. After April 1st all fields are again producing normally, while complying with the output limits set for the second quarter.