Oil field Johan Castberg, which has an estimated potential of between 450 and 600 million barrels of oil, has come one step closer to an expansion. The so-called DG2 decision concerning the continuation of the project has now been made, reports Norwegian media Sysla Offshore.
Statoil is the operator on the field, and project director Knut Gjersten still considers the project financially vulnerable, although according to him the decision represents "an 'important milestone."
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