high value assets on the NCS, says Eldar Sætre, president and CEO. Looking Beyond Johan Sverdrup There is no doubt that Johan Sverdrup is a game changing asset and Lundin Petroleum expects net 2P reserves of 515 million barrels of oil equivalent for the full field development of Johan Sverdrup (based.6 working interest). Statoil remains supportive of, lundin, petroleums management, its Board of Directors and strategy. Petoro AS, Det Norske Oljeselskap and.P. Statoil purchased minority stake in, lundin, petroleum. No new equity was issued; the stock was acquired in the open market. On the same date, Brent was trading.3 per barrel. There is no plan to increase. The project is likely to deliver first oil in 2019 and I discussed the asset prospects in details when I covered.
And when combined with Seabox, a proven water filtration system, Omnirise can be installed as a fully subsea solution. Statoil 's confidence in the Johan Sverdrup project, which is a crucial project for both companies. The Norwegian Continental Shelf is the backbone of Statoil 's business, and this nattbuss stockholm umeå transaction indirectly strengthens our total share of the value creation from core, high value assets on the NCS. The acquisition adds. Statoil will equity account its stake.