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161

Exxon Proper Upgrade Increases Estimation

US oil firm ExxonMobil said Tuesday that an upgrade program at the Sleipner West field in Norway would increase estimated recoverable

Exxon Proper Upgrade Increases Estimation

US oil firm ExxonMobil said Tuesday that an upgrade program at the Sleipner West field in Norway would increase estimated recoverable natural gas by about 350 million oil-equivalent barrels.

The company?s Norwegian subsidiary has a 32 percent stake in the field, which is operated by Statoil.

ExxonMobil said the program will help maintain the gas production at about 775 million cubic feet per day. The project's costs have come in under what had previously been estimated, the company said.

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