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Norway needs to make a new giant oil and gas discovery at the level of Johan Sverdup - estimated...

Norway needs to make a new giant oil and gas discovery at the level of Johan Sverdup - estimated to hold 1.8B barrels - every other year for the next decade to offset falling production from aging fields, Statoil's (STO) CFO says. Norway's crude oil output has halved since 2000, although somewhat offset by higher gas output; STO expects the production fall to accelerate sometime after 2020.
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