Statoil is preparing to inject NOK 49 billion –approximately EUR 4.96 billion – into the Johan Castberg field in the most northern part of Norway. This will make Statoil the oil company with the most ambitious and expensive development and operation plan (PDO) in the world this year.

The investment decision entails contracts to a series of subcontractors, including contracts to Aker Solutions for almost NOK 4 billion. The decision is also proof that Statoil now plans to stay involved in Norway's oil and gas production for at least another 30 years.