Oslo: Norwegian oil company Det norske oljeselskap has decided to fight Oslo’s split up of the huge Johan Sverdrup oilfield. Det norkse has been given just 11.57% of the field, Europe’s largest offshore project with up to 3bn barrels of oil equivalent.
“For Det norske, it is a decisive principle that the ownership interests in Johan Sverdrup are to be distributed according to a combination of volume and value. We do not see this principle reflected in the Ministry of Petroleum & Energy decision on the unitisation split,” Karl Johnny Hersvik, the firm’s ceo, said in a statement.
Other owners in the field, due to open at the end of the decade, are Lundin Petroleum, Maersk and state holding firm Petoro.
Det norske has not ruled out taking legal action to get its stake hiked.