Although first oil is not expected to be pumped from the underground until the end of 2019, development of the giant Norwegian field Johan Sverdrup has progressed big-time, says Swedish oil company Lundin Petroleum after publishing its quarterly report Wednesday.
According to Norwegian media DN Investor, Group CEO Alex Schneiter says that the oil company expects that almost 70 percent of the Johan Sverdrup project will be finished before the end of the year.
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