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Oil production can still be more efficient, says Statoil

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There are still additional efficiency gains that can be made in producing oil, said Statoil, the third-largest net seller of crude oil in the world.

Singapore

THERE are still additional efficiency gains that can be made in producing oil, said Statoil, the third-largest net seller of crude oil in the world.

Such sentiments, if shared across other large oil producers, imply continued hardship for oilfield services players....

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