Plan For Norway's Zidane Field May Be Presented In Summer 2016

Reuters

STAVANGER, Norway, Nov 19 (Reuters) - A plan for developing Norway's Zidane natural gas field could be presented in the second or third quarter of 2016, with the early parts of summer being the most likely time frame, Austria's OMV said on Thursday.

Zidane, which has been delayed while the owners sought to cut the cost of its development, is operated by oil firm DEA, a unit of Russian billionaire Mikhail Fridman's LetterOne.

A plan for developing the Wisting oil and gas discovery in the Arctic Barents Sea will probably be presented in 2019 or 2020, OMV's managing director for Norway, Bernhard Krainer, told an energy conference.

DEA holds 40 percent of Zidane, while OMV, Maersk Oil and Edison hold 20 percent each.

Wisting is 25 percent owned by OMV, while Petoro, Tullow Oil and Idemitsu have 20 percent each and Statoil has 15 percent.

(Reporting by Stine Jacobsen, writing by Terje Solsvik, editing by Gwladys Fouche)

Copyright 2016 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
United States Broussard: Senior Field Engineer - MWD/LWD
Expertise: Field Development
Location: Broussard, LA
 
Senior Well Engineer
Expertise: Drilling Engineering|Well Control
Location: United States
 
Brinefield Operations Engineer
Expertise: Field Service Tech|Pipeline Engineering|Production Engineering
Location: Magnolia, AR
 
search for more jobs

Brent Crude Oil : $54.46/BBL 0.96%
Light Crude Oil : $51.68/BBL 1.21%
Natural Gas : $3.44/MMBtu 1.99%
Updated in last 24 hours