Statoil is the operator of Sverdrup and owns a 40% stake, Lundin Petroleum holds 22.6%, Det Norske 11.5%, Petoro 17.4% and Maersk 8.44%. The company announced on Monday morning (29 August) that the Johan Sverdrup field costs have decreased even more than expected. According to the company, the first phase is currently estimated to be NOK99bn (capex numbers in nominal terms based on the project’s currency), a reduction of NOK24bn since the PDO was submitted. The present break-even is now
29 Aug 2016
Johan Sverdrup: lower cost, higher production
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Johan Sverdrup: lower cost, higher production
Statoil is the operator of Sverdrup and owns a 40% stake, Lundin Petroleum holds 22.6%, Det Norske 11.5%, Petoro 17.4% and Maersk 8.44%. The company announced on Monday morning (29 August) that the Johan Sverdrup field costs have decreased even more than expected. According to the company, the first phase is currently estimated to be NOK99bn (capex numbers in nominal terms based on the project’s currency), a reduction of NOK24bn since the PDO was submitted. The present break-even is now