Statoil is preparing to inject NOK 49 billion – approximately EUR 4.96 billion – into the Johan Castberg field in the most northern part of Norway. This will make Statoil the oil company to pass the most ambitious and expensive plan for development and operation (PDO) in the world this year.
The investment decision entails contracts to a series of subcontractors, including contracts to Aker Solutions for almost NOK 4 billion. The decision is also proof that Statoil now plans to stay involved Norway's oil and gas production for at least another 30 years.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.Start a free company trial today
Your trial for EnergyWatch has now started
With your free trial you get:
Full access to all locked articles on EnergyWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.