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Terminal News

Oil companies exploring Norwegian oil storage terminal

Oil companies exploring Norwegian oil storage terminal
Several oil companies are looking at the possibility of building an onshore oil storage terminal.

Reuters reports that Norway's oil minister Terje Soeviknes telling a news conference that Statoil, Eni, Lundin and OMV are investigating either an onshore facility for ship-to-ship transfers or a storage terminal.

Statoil scrapped plans for an onshore terminal to reduce the Arctic Johan Sverdrup oilfield's costs.

Soeviknes is quoted saying: 'I think it's important that operators investigate all possibilities and find a profitable solution both for the companies and society.'



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