Norway’s state-controlled Statoil aims to get its flagship 1.8bn-2.9bn bl of oil equivalent (boe) Johan Sverdrup project back on track, as the firm grapples with daunting development challenges on its home turf. Statoil delayed finalising a development concept for Johan Sverdrup last month with partners state-controlled Petoro, Norwegian independent Det Norske, Swedish independent Lundin Petroleum and Denmark’s Maersk Oil (WPA, 20 December, p9). The companies face political pressure in Norway to use onshore renewable sources to power offshore fields, but the smaller partners are resisting, citing the longer timeline for developing such facilities and the knock-on effect on capital costs.
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