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North Sea Project Tracker Q4 2016: 40 per cent cost savings in latest FID

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03 November 2016

North Sea Project Tracker Q4 2016: 40 per cent cost savings in latest FID

Report summary

2016 has yielded five FIDs across the North Sea; all are subsea tiebacks as larger decisions continue to be deferred. Statoil’s Trestakk offers a clear example of the cost savings that are being achieved with estimates down nearly 40%. The Norwegian major also continues to reduce costs at its flagship Johan Sverdrup development – we estimate phases II-IV now breakeven at less than US$40/bbl.  

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  • North Sea Project Tracker Q4 2016: 40 per cent cost savings in latest FID

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  • North Sea Project Tracker Q4 2016: 40 per cent cost savings in latest FID: Image 1

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  • Document

    North Sea Project Tracker Key Highlights Q4 2016.pdf

    PDF 185.99 KB

  • Document

    North Sea Project Tracker Presentation Q4 2016.pdf

    PDF 1.25 MB

  • Document

    North Sea Project Tracker Q4 2016.xls

    XLS 287.00 KB

  • Document

    North Sea Project Tracker Q4 2016: 40 per cent cost savings in latest FID

    ZIP 1.41 MB

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