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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.

Photo: Statoil

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

This has a natural effect on the profitability in the oil fields in the North Sea, and the Norwegian media E24 has made a map which shows what the price means for new as well as up and coming Norwegian oil fields.

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