Lime Petroleum News Today

Norway is at the forefront of efforts to promote commercial CO2 storage.

Norwegian oil and gas firm OKEA has submitted a 6.3 billion Norwegian crowns plan to develop its Bestla oil and gas discovery in the North Sea, the countrys energy ministry said on Tuesday. ...

The field is estimated to contain 24 million barrels of oil equivalent gross in recoverable reserves and will be developed as a tie-back to the Brage field...

Oslo, 8 April 2024 – DNO ASA, the Norwegian oil and gas operator, today announced that a final investment decision has been made for the development of the Brasse field, to be renamed Bestla, based...

OKEA and its partners have announced final investment decision (FID) for the Brasse oil and gas field development in the Norwegian North Sea.

The field is expected to come on stream during the first half of 2027 and is anticipated to operate until 2031 with potential for extension. Plateau oil production is estimated at around 26,000 boed and is expected within the first year of production.

Of the 62 production licenses offered in APA 2023, 29 are located in the North Sea, 25 in the Norwegian Sea, and eight in the Barents Sea.

Norwegian government has offered 24 companies ownership interests in 62 production licenses on the Norwegian shelf in pre-defined areas (APA) 2023…

Norwegian oil and gas company Vår Energi has completed the sale of its 12.25% interest in the Brage Field to Petrolia NOCO (Petrolia).  

Var Energi concluded the divestment of its minority interest in the Norwegian field in a cost-cutting effort.