Costs cut on Johan Sverdrup

Statoil and its partners have cut further the cost of developing the first phase of the giant Johan Sverdrup field off Norway to Nkr99 billion ($12 billion), with the break-even price now at only $25 a barrel.

Cutting costs: on Johan Sverdrup
Cutting costs: on Johan Sverdrup
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Published 29 August 2016, 05:55Updated 25 October 2016, 15:33