This is break-even for giant Johan Sverdrup

When will it start to hurt and become completely unviable for Statoil, Maersk Oil and Lundin to establish the colossal Johan Sverdrup field. Several estimates have now emerged.
Photo: Helge Hansen - Statoil
Photo: Helge Hansen - Statoil

While the oil price is falling and continues to fall, down to USD 83 today, the development is starting to hurt the industry and the many subcontractors that depend on the investments. But the major game-changer would be if the price drops to a level where investments yet to come are simply abandoned because they become unfeasible - a further sharp decline in oil prices could lead to uncertainty if a return on the invested capital is realistic.

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