Statoil submits NOK 49 billion plan on this year's biggest oil field
Norwegian oil major Statoil has submitted the development and operation plan for Johan Castberg, which will be the biggest investment in the global oil industry this year. Subcontractor Aker will be awarded contracts worth NOK 4 billion.
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.
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