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2014-11-03 21:25:00

STATOIL: GIGANTIC PROGECT $199.21 BLN

STATOIL: GIGANTIC PROGECT $199.21 BLN

Norway's Statoil AS A said on Monday that the giant Johan Sverdrup oil field in the North Sea could generate revenue of 1.35 trillion Norwegian kroner ($199.21 billion) over the next five decades.

The Norwegian oil producer said that the oil field could produce up to 650,000 barrels of oil a day at its peak.

"According to a provisional estimate, total production revenues over 50 years may amount to as much as 1,350 billion kroner," said Statoil.

Out of this, the Norwegian government would take 670 billion kroner in corporation taxes alone, Statoil…

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Tags: STATOIL, OIL, GAS
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