“We view the Sverdrup project as a milestone in terms of application of new technologies and cost management, OPEC is being challenged in terms of the break-even price of production not just by U.S. shale oil, but also by the North Sea,” said Olivier Jakob, analyst at Petromatrix.

Link to article: https://www.epmag.com/statoil-raises-dividend-capex-oil-sector-picks-1682671#p=full