Statoil Trims $2.9 Billion Off Sverdrup Cost as Output BoostedBy and
Company sees output of 440,000 barrels a day in first phase
Says total project investment could be as low as $17 billion
Statoil ASA lowered development costs for the start-up at its giant Johan Sverdrup oilfield by $2.9 billion and raised the estimated initial output by 16 percent after intensifying drilling and streamlining operations.
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