/PRNewswire/ The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around.
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Norway: Approved development of Breidablikk field secures activity and jobs
29 Jun 2021
The plan for development and operation (PDO) of the
Breidablikk field in the North Sea has been approved by Norwegian authorities. Field investments are approx. NOK 18.6 billion. Production from the field is scheduled to start in the first half of 2024.
Equinor and its partners
Petoro, Vår Energi and
ConocoPhillips Skandinavia, submitted the development plans for the area to the authorities in September 2020. Estimated recovery from the field is around
200 million barrels of oil. We are very pleased that the authorities have approved the development plans for the Breidablikk field. The development of one of the largest undeveloped oil discoveries on the Norwegian continental shelf (NCS) will create substantial value for Norwegian society and the owners, while securing high activity and jobs for many years ahead,