Lundin Expects Sverdrup Development Concept within Weeks



Reuters

OSLO, Jan 29 (Reuters) – The development concept for the Johan Sverdrup oil field in the Norwegian sector of the North Sea will be decided within the next couple of weeks, Erik Sverre Jenssen, the Chief Operational Officer at Lundin Petroleum's Norwegian unit said on Wednesday.

Sverdrup, thought to contain up to 2.9 billion barrels of oil, is the biggest North Sea find in decades but Lundin and operator Statoil recently delayed its startup to the end of 2019.

(Reporting by Gwladys Fouche)



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