Statoil today confirmed its mammoth Johan Sverdrup development will create 51,000 man-years related to Norwegian deliveries and produce revenues worth NOK1.3trillion
“Johan Sverdrup represents all we stand for as an industry and our faith in the future.
“This will be a gigantic project that will secure energy supply and jobs and result in substantial spin-offs and value for Norwegian society, the industry and the partnership behind the development,” said Arne Sigve Nylund, Statoil executive vice president for Development & Production Norway.
The 200sq km field, which is expected to come on line in 2019, is one of the largest finds since the 1980s.
Nyland added: “Johan Sverdrup represents all we stand for as an industry and our faith in the future. This will be a gigantic project that will secure energy supply and jobs and result in substantial spin-offs and value for Norwegian society, the industry and the partnership behind the development.”
It’s thought the development will be play a crucial role in Norway’s economy over next 50 years.
Of it’ top line NOK1.3trillion amount, corporation tax alone will give the Norwegian state NOK 670billion in direct revenue.
The development’s first phase is expected to create around 51,000 man-years nationally, according to Statoil.
A total of 22,000 are expected to be performed by suppliers in Norway and their subcontractors are expected to benefit from 12,000 man-years.
Production for the site is expected to range from 315,000-380,000 barrels per day.
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