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’s Castorone Vessel on Its Way to Türkiye’s Largest Gas Field

First Russian Ice-Class LNG Carrier Hits Water

ABS Approves Hanwha Ocean’s FPSO Design

Current News

Subsea Sabotage in the Baltic Sea - a Timeline for Perspective

BOEM Advances Offshore Wind Leasing in Guam

Tracking the Fall of Oil, the Rise of Wind in the UK North Sea

PSE $15B Investment Plan includes Offshore Wind

Subscribe for OE Digital E‑News