Idemitsu Begins Production At Norwegian Oil Field

TOKYO (Nikkei)--Idemitsu Kosan Co. (5019) said Tuesday that it has launched commercial production at a Norwegian North Sea oil field through its local subsidiary.

The Vigdis Northeast field, 41.5% owned by Norway's state-run energy group Statoil, is expected to pump out 20,000 barrels a day when it hits peak production in 2014.

Idemitsu holds 9.6% of the rights, or the daily equivalent of roughly 2,000 barrels.

(The Nikkei, March 13 morning edition)

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