Norway lawmakers force Statoil to power oil fields from land

|About: Statoil ASA (STO)|By:, SA News Editor

Statoil (STO) and its partners may be forced to revise their plans for the giant Johan Sverdrup field off Norway after an alliance of opposition parties holding a majority in parliament demand that the companies use power from land, risking further delays in development.

The group says it will ask the government to require STO and its partners to include three nearby fields in a regional solution for power from land when they submit a development plan early next year.

STO has warned against forcing electrification of the entire Utsira High area of the North Sea, saying it could cause another year’s delay to the already postponed project.