Norwegian energy firm announces £18bn boost for North Sea oil industry

Statoil: Will invest £18bn in developing the Mariner and Bressay fields.

A Norwegian oil giant has announced plans to create 300 new jobs in the United Kingdom as part of an £18bn investment over the next 45 years.

State-owned Statoil intends to invest an extra £12bn in their Mariner and Bressay oil fields up to 2057 on top of £6n which has already been announced.

Statoil said they will be creating 300 new posts – a third of which will be based onshore at a new operations centre in Aberdeen.

The energy firm had already announced that they expected work on the two developments to lead to 700 jobs.

The plans were revealed during a visit by Prime Minister David Cameron to Norway, where he signed an agreement with his Norwegian counterpart to work together on energy issues.

Mr Cameron said: “The jobs and investments announced highlight how vital the strong relationship between Norway and the United Kingdom is for our energy security and economic growth.

“We look forward to strengthening our partnership further, driving investment into a diverse, sustainable energy mix that delivers affordable long-term supplies for consumers.”

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