Tuesday, December 12, 2017

Norway: Future Castberg Revenues to Reach $16.6 bln

Posted by December 5, 2017

File Image: A Johan Castberg floating production vessel. CREDIT Statoil

The potential future revenues to the Norwegian state from the Johan Castberg oilfield is estimated at 138 billion Norwegian crowns ($16.59 billion), Minister of Petroleum and Energy Terje Soeviknes said in a statement.
 

Statoil on Tuesday presented a $5.9 billion plan to develop the field.

 

Reporting by Terje Solsvik 

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