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Statoil closes five Norwegian oil fields.

BBC Monitoring International Reports

| January 19, 2006 | COPYRIGHT 2001 BBC Monitoring. (Hide copyright information)Copyright

(From BBC Monitoring International Reports)

Text of report by Norwegian public broadcaster NRK website on 19 January; subheadings as published:

Statoil has closed down oil and gas production on the Aasgard B, Mikkel, Kristin, Visund and Norne fields owing to accidents and bad weather.

The fields which have been closed down have combined daily production of 140,000 barrels of oil, 118,000 barrels of condensate and about 48 million cubic metres of natural gas, dn.no [Internet Norwegian financial newspaper] reports.

Losing 60m kroner [about 9m dollars] a day

At today's oil prices this means that Statoil is losing about 60m kroner a …

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