Offshore

New oil company to spend NOK 20 billion on Norwegian Shelf

NOK 20 billion is the remarkable sum that oil company Point Resources plans to spend on exploration and production activities on the Norwegian Shelf over coming years, the firm announces in a press release.
Photo: PR-foto: Point Ressources
Photo: PR-foto: Point Ressources
by SØREN PICO

Oil company Point Resources, which has just obtained approval for its takeover of ExxonMobil's Norwegian fields, plans to massively invest in the Norwegian Shelf over the next five years.

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