(DETNORSKE) The negotiations concerning distribution of ownership interests in Johan Sverdrup have now entered a critical phase. Det norske oljeselskap is of the opinion that the values in the field should be distributed in an equitable manner.

“Det norske is of the opinion that the ownership interests in Johan Sverdrup must be divided in a just manner, based on the actual values in the licences that are to be unitized. The distribution of interests must reflect quantity and quality, as is the usual practice on the Norwegian shelf», says SVP Communication, Rolf Jarle Brøske.

 

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Since companies after protracted negotiations did not agree on the distribution of resources in the different parts of Sverdrup, decided MPE to make the distribution.

Changes in a fraction of a percent can have a major impact since Johan Sverdrup assumed to give a total production revenue of 1.350 billion over 50 years.

Statoil was awarded 40.03 percent of the oil deposit at the huge Johan Sverdrup field. The rest is divided between Lundin Norway (22.6 percent), Petoro (17.36 percent), the Norwegian oil company (11.57 percent) and Maersk Oil (8.44 percent). In the original proposal for the distribution of Statoil The Norwegian awarded 11.9 percent of the deposit.

With today’s decision clarifies Ministry disagreement between the companies regarding the participating interests in Sverdrup field. The decision means that all companies will now have a vested interest in developing and operating the field in the coming decades, so that we achieve good resource and highest possible value from the field. This is important now that the development of the largest industrial project in recent times is underway, says Minister Tord Lien (FRP).

 

Source: DetNorske