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New owners in the North Sea will put pressure on costs

2017 has brought an entirely new concentration of owners of oil fields in the North Sea, which could put renewed pressure on costs and thus suppliers. Aker BP's costs need to be reduced further than the current USD 11 per barrel, CEO Karl Johnny Hersvik tells ShippingWatch.

With Tuesday's acquisition of Hess Norge, Aker BP takes full ownership of fields Valhall and Hod. Photo: Aker BP
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