This is one of the biggest expansion projects in the North Sea offshore sector ever. And even though the partners behind the project, Lundin, Statoil, and Maersk Oil, have allegedly had difficulties agreeing on the project, the word now is that an announcement about the expansion will be made next week.

And it is about time if the three companies are to comply with the deadline previously set forth, which told of an announcement in the fourth quarter 2013.