Statoil Picked to Operate Johan Sverdrup Field


OSLO, Nov 28 (Reuters) – Norway's Statoil will operate the giant Johan Sverdrup oil field in the Norwegian sector of the North Sea, Statoil said on Friday, in a decision fully expected by markets.

The Sverdrup field lies across several licences, which are operated by Statoil and Lundin Petroleum. However, Lundin has repeatedly said that Statoil should be the operator given its experience in running such a large project.

Sverdrup could hold up to 2.9 billion barrels of oil equivalents and full development could cost up to 220 billion crowns ($31.5 billion).

Other shareholders in Sverdrup include A.P. Moller-Maersk , Det Norske and state holding firm Petoro.

(Reporting by Balazs Koranyi)

Copyright 2016 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Technical Coordinator
Expertise: Client Representative|Process Management|Technical Writing
Location: Houston, TX
Executive Assistant
Expertise: Executive|Secretarial or Administrative
Location: United States
Regional Manager - Saybolt
Expertise: Executive|Operations Management
Location: Linden, NJ
search for more jobs

Brent Crude Oil : $52.67/BBL 1.91%
Light Crude Oil : $51.6/BBL 2.60%
Natural Gas : $3.17/MMBtu 2.76%
Updated in last 24 hours