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Statoil to present $5.9 bln Castberg oilfield development plan Tuesday
December 5, 2017 / 6:24 AM / 13 days ago

Statoil to present $5.9 bln Castberg oilfield development plan Tuesday

OSLO, Dec 5 (Reuters) - Statoil will present a long-awaited plan for the planned development of its Arctic Johan Castberg oilfield on Tuesday, a company spokesman said.

The investment by Statoil and its partners, Italy’s Eni and Norway’s state-owned Petoro, is expected to amount to 49 billion Norwegian crowns ($5.89 billion), he added.

In June, Statoil said the Castberg plan would be presented by the end of the year. ($1 = 8.3126 Norwegian crowns) (Reporting by Joachim Dagenborg, editing by Terje Solsvik)

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