Det norske's Sverdrup oilfield stake undervalued by $500 mln -shareholder

April 16, 2015 12:38 PM

52 0

OSLO, April 16 (Reuters) - A proposal to divide the giant Johan Sverdrup oilfield in the Norwegian sector of the North Sea undervalues Det norske's stake in the $29 billion project by around $500 million, the firm's top shareholder said on Thursday.

Det norske's part of the field, one of three licences that make up Sverdrup, has more valuable oil with higher concentration and a greater recovery potential, and lower production costs, said Kjell Inge Roekke, the chairman of Aker ASA, which owns 49.99 pct of Det norske.

Read more

To category page