The breakeven price for the development of the Johan Castberg oilfield in the Arctic is $60 per barrel from an earlier projection for $80 per barrel, the chief financial officer of Statoil (STO) said on Wednesday.
"We have been taking down the breakeven price substantially. It was around $80 breakeven, we have said that it is around $60 (now)," Hans Jakob Hegge said during a conference call with analysts.
(Reporting by Gwladys Fouche)
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