UK Approves Statoil's $7.1B North Sea Oil Project

Law360, New York (February 15, 2013, 2:04 PM EST) -- The U.K. government has given Norwegian energy giant Statoil ASA approval to begin work on the $7.1 billion Mariner oil project in the North Sea, one of the largest offshore energy developments in European history, the U.K. Department for Energy and Climate Change announced Friday.

Statoil's project plan has received a final field approval from the government, U.K. Energy and Climate Change Secretary Edward Davey said in a statement.

“Mariner will be one of the biggest projects ever in the North Sea and the £4.6 billion...
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