Statoil Takes On Development Of Newly Named Sverdrup Field

摘要

BMI View: Given Statoil's significant financial resources, offshore experience and larger stake in the licences, it makes sense that it should take on the development of Sverdrup. Lundin and the other junior partners will still have to meet the high capital requirements associated with the project but the windfall could well be transformational notwithstanding appraisal setbacks.