Norway's Statoil is fast approaching a concept decision and front-end engineering and design contract award for the second phase of the giant Johan Sverdrup development in the North Sea.

Statoil and partners Lundin Petroleum, Aker BP, Petoro and Maersk Oil are in the final stage of the concept selection process for Johan Sverdrup Future, formerly known as the project’s phase two, which means that details of the development concept are in place.

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