£4.3bn oil plan to create 700 jobs

AOL Money Staff
Updated
oil rig
oil rig

/Eye Ubiquitous/Press Association Images

More than 700 jobs will be created after the energy company Statoil announced a £4.3 billion investment in the North Sea.

The Norwegian energy firm will develop the Mariner oil field, which is located some 150 kilometres east of the Shetland Isles.
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