At least three major field development projects are set to be sanctioned for investment off Norway this year as dominant operator Statoil focuses on quality over quantity in line with more stringent commercial criteria, according to Wood Mackenzie.
The most likely candidates for a final investment decision are the state-controlled operator’s Snorre Expansion, Njord Future and Snilehorn development projects with combined investments estimated at $6 billion, the UK-based research consultancy said.
The
