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