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)
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