Statoil submits NOK 49 billion plan for this year's biggest oil field
Norwegian oil major Statoil has submitted the development and operation plan for Johan Castberg, which will be the biggest investment in the global oil industry this year. Subcontractor Aker will be awarded contracts worth NOK 4 billion.
Statoil is preparing to inject NOK 49 billion – approximately EUR 4.96 billion – into the Johan Castberg field in the most northern part of Norway. This will make Statoil the oil company to pass the most ambitious and expensive plan for development and operation (PDO) in the world this year.
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