Statoil to Unveil Development Plans in 2016

Oil major Statoil (STO) will present development plans for its Trestakk and Alfa Central fields next year, the company's field development chief for Norway said on Monday.

"We'll have two development plans next year," Ivar Aasheim told Reuters on the sidelines of a conference.

Trestakk will be submitted for approval by Norwegian authorities in the spring of 2016 while Alfa will come sometime during the year, he said.

Statoil plans to select concepts for its Arctic Castberg discovery and the Snorre 2040 extension project next autumn and to make investment decisions for both in 2017, he added. (Reporting by Gwladys Fouche