Monday, March 2, 2015

Lien: The Norwegian hindered Johan Sverdrup consensus – HegnarOnline

Lien: The Norwegian hindered Johan Sverdrup consensus – HegnarOnline

Today’s Business writes Monday that Lien grip personally in the last minute when the licensees of Sverdrup Field not agreed.

“Four of the five companies were aware of their responsibilities and signed a compromise. The Norwegian oil company blocked the agreement. To avoid that this would stop the development, asked the same four companies Ministry to allocate instance. I accepted this, “writes Lien in an article in Monday’s Dagens Næringsliv.

Chairman Sverre Skogen The Norwegian denies that the oil company has not taken responsibility, and says the company has” stood with Petoro to find balanced solutions. “

Besides the Norwegian oil company, partnership consists of Statoil, Lundin Norway, Petoro and Maersk Oil. The Partnership has appointed Statoil as operator for all phases of the field.

The other partners have asked the Ministry to determine the final distribution of the resources on this giant field, but until that happens it is Statoil allocation proposals that underlie for the plan. In this distribution, Statoil receives 40.0 percent, Lundin 22.1 per cent, Petoro 17.8 percent, the Norwegian oil company 11.9 percent and Maersk Oil 8.1 percent.

According to Dagens Næringsliv was also the state oil company Petoro basically disagree with Statoil, Lundin and Maersk ownership distribution, but active meeting with Minister Lien made Petoro left his original stance.

Johan Sverdrup is one of the largest discoveries on the Norwegian shelf since the mid 1980s. Statoil estimates that the field over 50 years will provide a total income of over one Norwegian national budget, and that the first phase will generate well 50,000 FTEs. (© NTB)

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