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Statoil ASA Message Board

  • auagboy auagboy Jun 10, 2013 5:37 PM Flag

    Capex and growth being squeezed by taxes...

    I have to wonder if STO's reduced ownership in Ormen Lange by the partners redtistrubution agreement was really just a move to get some quick cash. It could signal just how hard STO is being squeezed. The part of the redistribution agreement I'm referring to read "a settlement will be made to take into account the accumulated investments in the field for which Statoil will be compensated."

 
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