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Statoil CEO: Sverdrup is a rare bright spot

In a manner both humble and optimistic, Statoil CEO Eldar Sætre on Monday opened this year's edition of the major offshore conference, ONS 2016. He calls for increased collaboration within the industry and concludes that the energy of the future will be more environmentally friendly than oil is today.

STAVANGER

With a fine sense of the value of positive news, Statoil on Monday was able to announce that the break-even price for one of the most discussed oil fields, the Johan Sverdrup field, is now even lower than the partners behind the field had previously announced.

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