GDF Suez Takes ExxonMobil's Stake Offshore Norway
GDF Suez has acquired an additional 20% stake from ExxonMobil in the Njord field and the Noatun discovery, both located offshore Norway. The consortium now consists of GDF Suez holding a 40% interest, alongside Statoil (operator, 20%), E.ON Ruhrgas (30%), Faroe Petroleum (7.5%) and VNG (2.5%).
GDF stated the Northwest Flank, part of the Njord license, is being drilled from Njord whilst the fast-track development Hyme is being connected to and processed at the Njord facilities. Njord, currently being redeveloped to extend the life of the field, and its recovery rate, will recommence in 2013.SubseaIQ provides focused, in-depth coverage of offshore field development activities around the world, with daily updates on hundreds of offshore fields and facilities. Click here to sign up for the free weekly email newsletter.
Operates 16 Offshore Rigs
- ExxonMobil Reports Papua New Guinea Discovery (Jan 16)
- Exxon, BP Targeted in NYC Suit That Relies on 'Nuisance' Theory (Jan 10)
- ExxonMobil Reports More Offshore Guyana Success (Jan 05)
Company: GDF Suez more info
- UK Awards 27 Blocks for Shale Exploration in Latest Licensing Round (Aug 18)
- European Majors Team Up to Explore Arctic (Apr 21)
- GDF Suez Says Natural Gas Discovery Made in Southeast Algeria (Apr 20)