For the first time, Statoil has released a number that shows how far oil prices can drop without threatening the profitability of the large Johan Sverdrup field, whose partners include Maersk Oil.
Till now, the three investment banks Pareto Securities, Capital Markets and ABG Sundal Collier have been the ones estimating, in early November, when it would begin to be bad business to be a partner in the field. At the time, the projection was placed at USD 30-35 per barrel, and this might not be too far off, taking Statoil's statements from the company's annual report into account.
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