Despite speculation that Statoil's (STO) Johan Sverdrup discovery may turn out to be even bigger...

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

Despite speculation that Statoil's (STO) Johan Sverdrup discovery may turn out to be even bigger than current estimates and perhaps Norway's biggest discovery ever, CEO Helge Lund says one huge discovery is not enough to offset falling production from Norway's giant aging fields: "We have to make many of these [Sverdrup-sized discoveries] to be able to maintain growth after 2020."