3 May 2024
Statoil to invest USD 2.35 billion in two North Sea fields
Publication date: 28 March 2017
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Norwegian state-owned oil and gas company Statoil will invest NOK 20 billion (USD 2.35 billion) in the development of the Njord and Bauge fields in the North Sea, the company announced on Monday.
Statoil said it had submitted a plan for the development and operation of the fields to the Norwegian petroleum and energy ministry on behalf of project partners Engie, Point Resources, Dea Norge, VGN Norge and Faroe Petroleum.