EnergyWatch

Two new billion dollar plans for the Norwegian shelf

In the waning days of 2017, two companies announce new plans for the Norwegian shelf for investments totaling NOK 18 billion, reports Dagens Næringsliv.

Photo: Harald Pettersen - Statoil

Tuesday brought good news to the office Norway's oil and energy minister Terje Søviknes. Two companies plan large-scale investments on the Norwegian shelf. One of these is VNG Norge, which is operator on the Fenja field.

With its partners, VNG wants to expand the field for NOK 10.2 billion (USD 1.2 billion), and the plan is to launch production in 2021, reports Dagens Næringsliv.

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