Large parts of the British North Sea shelf still have yet to be explored with the latest technology, says Statoil's executive VP for exploration. He believes that there are still major oil discoveries to be made.
BY NIKLAS KRIGSLUND
Norwegian oil company Statoil hopes to make a discovery in the British North Sea shelf similar to the Johan Sverdrup field, despite the opinion of many parties that the region has been thoroughly explored already.
Quite atypically, the Danish market leader publicly rejects to bid in Taiwan’s solicitation for 3GW offshore wind due to poor framework conditions. The green transformation will wilt if developers build uneconomic projects, says CEO.