Norway to Develop Tiny Field

摘要

Norway's petroleum and energy ministry said Thursday it has received a plan from state-controlled Statoil for development and operation (PDO) of the Hyme (formerly Gygrid) oil field, from which just 24 million boe is expected to be recovered. "Hyme is an example of a small field which is a tie-in to an existing field; such projects are important in order to exploit the resources on the Norwegian Continental Shelf in an efficient and good manner," Petroleum Minister Ola Borten Moe said. Investment is expected to total 4.5 billion kroner ($826 million).