(BFW) Statoil Seeks NK1b Norway Onshore Cost-Cuts in 3 Years, NTB Says

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Statoil Seeks NK1b Norway Onshore Cost-Cuts in 3 Years, NTB Says 2014-01-23 07:59:21.288 GMT

By Mikael Holter Jan. 23 (Bloomberg) -- Statoil internal document shows co. spends more work hours operating Norway onshore processing, refining facilities than competitors, NTB reported, citing Stavanger Aftenblad. * Mongstad refinery posted loss in 2013 after profit year earlier, NTB says, citing Stavanger-based newspaper * NOTE: Statoil Outsources IT, Facility Mgmt, Finance and Control Ops: See Jan. 14 story NSN MZDTG26K50YR <GO>

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--Editor: Alastair Reed

To contact the reporter on this story: Mikael Holter in Oslo at +47-22-00-8209 or mholter2@bloomberg.net

To contact the editor responsible for this story: Alastair Reed at +47-22-00-8212 or areed12@bloomberg.net