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VNG and Repsol present $2.2 bln Norwegian oil and gas plans


 

 

By Reuters Staff

OSLO
Petroleumworld 12 20 2017

Spain's Repsol and Germany's VNG presented separate plans on Tuesday to develop two Norwegian oil and gas fields for a combined 18.2 billion Norwegian crowns ($2.17 billion), Norway's Ministry of Petroleum and Energy said.

VNG's Fenja oil and gas field in the Norwegian Sea, a collection of discoveries previously known under the names Pil, Bue and Boomerang, will cost 10.2 billion crowns ahead of a startup in early 2021, the company told a news conference.

Repsol's Yme oilfield in the North Sea is expected to cost 8 billion crowns, the company said.

$1 = 8.3685 Norwegian crowns

 



Reporting by Henrik Stolen, writing by Terje Solsvik, editing by Gwladys Fouche from Reuters.

reuters.com 12 19 2017

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