December 5, 2017 / 7:34 AM / in 11 days

Norway sees future revenues of $16.6 billion from Castberg oilfield

OSLO (Reuters) - The potential future revenues to the Norwegian state from the Johan Castberg oilfield is estimated at 138 billion Norwegian crowns ($16.59 billion), Minister of Petroleum and Energy Terje Soeviknes said in a statement.

Statoil on Tuesday presented a $5.9 billion plan to develop the field.

($1 = 8.3176 Norwegian crowns)

Reporting by Terje Solsvik, editing by Joachim Dagenborg

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