The Maritime Executive | Statoil Greenlights Arctic Offshore Oil Project The Maritime Executive Statoil has given the green light to this year's biggest offshore project, Johan Castberg, a $6 billion development in the Barents Sea. Castberg is believed to hold about 450-650 million barrels of oil, which would be a significant boost to the ... Statoil Greenlights Key $6 Billion Norway Arctic Oil Project Statoil Plans $6B Development At Huge Arctic Oil Field Statoil, partners to spend 49 billion kroner on new Arctic oil field |