22 April 2018, News Wires – Thousands of jobs were lost during the downturn in the oil and gas sector when prices plummeted.
But, new jobs are being created as Statoil prepares for the commencement of production at its Johan Castberg field in 2022, according to Oilandgaspeople.com.
Observers see the oil field project as one that will spark a revival of the Norwegian oilfield services industry.
Statoil struck oil in the field in 2011.
The field consists of three deposits with combined reserves estimated at between 400 and 650 million barrels of crude, making it one of the biggest recent discoveries in Norway’s continental shelf.
