Equinor Sees Scope To Cut More Costs At Giant North Sea Oil Field

Norway’s Equinor (NYSE: EQNR) sees scope to further reduce development costs at the Johan Sverdrup oil field in the North Sea, as it looks to maximize the potential of what could be the last giant field to be found off the Nordic country.

The field, one of the five largest oil finds offshore Norway, is estimated to contain up to 3.1 billion barrels of oil equivalents, mainly crude oil, enough to meet Britain’s oil demand for five years.