Statoil expects giant profit from Johan Sverdrup

There are colossal expectations for the Johan Sverdrup field, in which Maersk Oil is one of the partners. The profit could amount to more than USD 198 billion, according to Statoil.

Photo: Harald Pettersen - Statoil

A few days after the surprisingly poor 3rd quarter result from Statoil, the Norwegian oil giant points to the prospects of an immensely profitable project once the establishment, and then operation, of the giant Johan Sverdrup field commences.

The field, which includes Maersk Oil as partner with a 20 percent stake, could result in 51,000 man-years from first-stage employment alone, and a total profit of USD 198.5 million in the 50-year period the field is expected to be operational.

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