Poor
security
in
North
Africa
could
prompt
the
Stavanger-based
company
to
focus
even
more
on
shale
oil
and
gas
in
the
US
and
deep-water
fields
off
Brazil,
where
most
of
the
company’s
production
growth
is
expected
to
occur
in
this
decade,
said
Trond
Omdal,
an
analyst
at
Arctic
Securities.
“Statoil
is
in
a
shift
away
from
high-risk
areas,”
he
told
Bloomberg.
“It
will
reinforce
a
trend,
but
a
lot
of
this
is
already
driven
by
macroeconomic
factors
such
as
a
high
oil
price
and
technological
advances.”
The
67%
state-owned
Norwegian
giant
is
expanding…
