oil-and-gas-industry4.24 min read Norway to Restart Three North Sea Gasfields to Boost European Supply
Norway will reopen three North Sea gasfields—Albuskjell, Vest Ekofisk and Tommeliten Gamma—that last produced gas in the 1980s, with output planned for 2028 and expected to run about 20 years to bolster European gas supplies as Germany and the UK seek alternatives to Russia and the Middle East. The fields hold an estimated 90–120 million barrels of oil equivalent and are licensed to ConocoPhillips, Vår Energi, Petoro and Orlen. The government’s plan also includes offering 70 new exploration blocks, mostly in the Barents Sea, despite environmental concerns and political opposition.
20 days ago•Source: Financial Times
