Wintershall to invest NOK 20 billion on Norwegian Shelf

Germany's Wintershall will invest more than NOK 20 billion in the Norwegian Shelf over coming years, says Hugo Dijkgraaf, Managing Director for the oil company's Norwegian activities, according to Norwegian media Sysla.

Photo: Wintershall

Oil major Wintershall plans to spend billions of dollars on investments in the Norwegian Shelf over coming years.

According to Norwegian media Sysla, Wintershall has been granted permission from its parent company BASF to invest NOK 20 billion (USD 2.4 billion) in projects on the Norwegian Continental Shelf over the next four years. The money will be spent on the development projects Maria, Skarfjell and Aasta Hansten, while the Brage field will be further developed. Finally, Wintershall will focus on increased drilling activity in exploring for new fields.

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