New oil company to spend NOK 20 billion on Norwegian Shelf

NOK 20 billion is the remarkable sum that oil company Point Resources plans to spend on exploration and production activities on the Norwegian Shelf over coming years, the firm announces in a press release.

Photo: PR-foto: Point Ressources

Oil company Point Resources, which has just obtained approval for its takeover of ExxonMobil's Norwegian fields, plans to massively invest in the Norwegian Shelf over the next five years.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

New developer has 11GW offshore wind ready from inception

Profiles from European Energy, Ørsted and Centrica team up to found a new company aiming to develop solar, onshore wind, offshore wind and do power trading. Theres a hole in the market for us right now — in five years it will be closed, says director.

CIP hires Dutch profile

Current CFO at TenneT Otto Jager will join CIP as partner, with a primary focus on flagship funds.

Further reading

Related articles

Latest News

See all jobs