Norway Plans to Develop a New $570-Million Oil and Gas Field ...Middle East

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Norway’s Energy Minister Terje Aasland has received the field development plan for a new North Sea oil and gas field that will be tied back to an existing platform and is expected to cost $572 million (6.3 billion Norwegian crowns). The field operator, OKEA, has submitted the plan for development and operation (PDO) of the oil and gas field Bestla, to be tied back to the Brage platform, which would extend the life of the Brage field, the Norwegian Energy Ministry said on Tuesday.   Earlier this month, operator OKEA and its…

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