Norwegian oil company: Sverdrup field will be cheaper

The price for the development of Norway's giant Johan Sverdrup field, where Maersk Oil and Statoil are among the partners, could be reduced by billions, assesses another partner, Norwegian oil company ASA.

Photo: Statoil

The Norwegian oil company ASA, controlled by Kjell Inge Røkke and which is a partner in Norway's gigantic Johan Sverdrup field, has reduced the projected costs for the development of the field to about USD 18-21 billion. Meanwhile, Det norske oljeselskap projects a further reduction in the long-term total costs for the development of the Johan Sverdrup field.

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