ShippingWatch

Statoil: Johan Sverdrup unaffected by falling oil price

The establishing of giant field Johan Sverdrup, with partners including Statoil and Maersk Oil, is not affected by the dramatic decline of the oil price, Statoil tells ShippingWatch. "The Sverdrup expansion will not be affected by short-term oil price fluctuations," says the company.

Photo: COSL

Planning and establishing the giant Johan Sverdrup oil field on the Norwegian Continental Shelf continues completely unaffected by the dramatic decline in the oil price, a development that has already come at a high price for many players in the energy sector at this time.

In a comment to ShippingWatch, Statoil declines to speculate on what the current oil price would mean for the returns on which partners, like Statoil and Maersk Oil, base their expectations for the project. But the Norwegian energy company stresses that there will be no changes to the pace of the investment plan, and Statoil also indicates that the current oil dive will be brief:

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