Delineating which company holds what percentage of the interest in Norway’s giant Johan Sverdrup field boosts development potential, executives said. Partners to Johan Sverdrup, the fifth largest oil field ever discovered on the Norwegian continental shelf, asked the government to determine the final share allocation when they submitted formal development plans in February. Maersk Oil, which takes the lowest stake at 8.4 percent, said the determination is a watershed moment for the offshore field. “We are pleased that we now have clarity on the ownership,” Morten Jeppesen, managing director for Norwegian operations, said in a statement. “It allows the partner companies to focus on moving forward and develop this giant field in the best possible way.” Though the share […]