- Discovered in 2007.
- The total reservoir is estimated to contain nearly six billion barrels of resource in place.
- Investment decision in April 2013, production start-up in 2016.
It looks like U.S. alternative oil sector, not the Saudis, is determining prices.
The oil group's $1 billion profit lags forecasts by more than half after BG integration costs and a huge upstream miss.
The Norwegian oil company promised deeper cost cutting after earnings fell 33% below analyst expectations.
Trade-Ideas LLC identified Statoil ASA (STO) as a strong and under the radar candidate