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Statoil investigating if cutbacks impede safety

The comprehensive focus on cost reductions at Statoil could be detrimental to safety at the oil company which, in the past two months, has suffered eight serious incidents, writes Norwegian daily Aftenposten.

Photo: Øyvind Hagen/Statoil

Statoil is now launching an investigation into whether or not the oil company's focus on cutting costs in a rough oil market has been detrimental to safety standards.

The investigation is a response to the fact that eight serious incidents have occurred in the past two months in the oil company's work on the Norwegian Shelf, writes Norwegian daily Aftenposten.

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