While otheroperators are treading carefully on capital spending, the Swedish player hasratcheted up investment significantly and is currently developingfour field projects – Brynhild, Boyla and Edvard Grieg off Norway and Bertamoff Malaysia – with a development budgetthis year of nearly $1.5 billion.
Chief executiveAshley Heppenstall told the company’s fourth-quarter results presentation onWednesday he is confident of bringing the quartet into production over the nexttwo years without cost overruns that have afflicted other projects.
The
