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USD 120 million stands between Sverdrup partners

The dispute regarding one of the largest oil fields in decades, the Norwegian Johan Sverdrup field, with partners including Maersk Oil and Statoil, concerns approximately USD 120 million. Det norske oljeselskap, headed by billionaire Kjell Inge Røkke, feels cheated.

Photo: Statoil

Conflict has been brewing for a long time among the oil companies which constitute the consortium behind the giant field Johan Sverdrup. Now a sum has been put on how much money is concerned, writes the Norwegian newspaper Dagens Næringsliv.

Det norske oljeselskap, headed by billionaire Kjell Inge Røkke, is not pleased with the distribution of the field between the parties, which was arrived at by the Norwegian Ministry of Petroleum and Energy. The oil company believes it has the right to 12.2333 percent of the field or 0.66 percent more than the Ministry decided. The trouble, which has now gone on for about a year, arose because Johan Sverdrup was originally made up of three licenses with different owner shares which, according to the Norwegian oil legislation, must be combined into one.

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