Vår to Present $2.1 Bln Field Redevelopment Plan

Monday, December 16, 2019

Vår Energi, majority owned by Italy's Eni, will on Tuesday present a plan for how to redevelop its Balder and Ringhorne fields in the North Sea, extending their output, the Norwegian energy ministry said on Monday.

Overall investments in the project will amount to about 19 billion Norwegian crowns ($2.07 billion), it added.

Ringhorne (Photo: Vår Energi)

($1 = 9.1609 Norwegian crowns)

(Reporting by Terje Solsvik, editing by Nerijus Adomaitis)

Categories: Engineering Europe

Related Stories

Saipem Completes Ops on LNG Scheme Offshore Greece

Pelagic Partners Teams Up with Borealis Maritime to Grow PSV Fleet

Ulstein Verft Launches CSOV Olympic Boreas

Current News

New York Not Moving Forward With Three Offshore Wind Farms

DNV Awards Certificates for Fortescue’s Dual-fueled Ammonia-powered Vessel

Energy Storage on O&G Platforms - A Safety Boost, too?

Türkiye Aims to Drill for Oil Off Somali Coast Next Year

Subscribe for OE Digital E‑News