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Statoil’s ambition is to achieve an average recovery rate of 60% from the fields operated by Statoil on the Norwegian continental shelf.
From last year to this year, the average oil recovery rate for Statoil-operated fields in Norway rose from 49% to 50%. This constitutes 327 MMb/o.
"We're very proud to be a world leader with an average recovery rate of 50% for the oil fields we operate – but we want even more," said Øystein Michelsen, Statoil's executive vice president for development and production Norway. "Our ambition is therefore to increase the average recovery rate for our oil fields to 60%."