08/01/2016at 11:38

Just one new Norwegian oil field is profitable

The oil prices continue to slide and if the current price level stays the same, the vast majority of new Norwegian oil fields will presumably lose money on their production. Johan Sverdrup is also facing a deficit.

BY THOMAS BO CHRISTENSEN, ENERGIWATCH

The oil price is hovering around 12-year low with a price for one barrel of Brent oil clocking in at about USD 32.

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Report: 2016 is the year of acquisitions in the oil industry
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Oil price reaches unprofitable level for practically everyone
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Brent oil falls below magical 40 dollars a barrel

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