RWE Dea: Norwegian Government sets ambitious plans

Tord Lien sent clear signals to the industry that the Government will have high ambitions for Norwegian oil and gas during his speech at RWE Dea Norge’s annual event in Oslo last night.

During the event to honor the RWE Dea scholarship recipients the Minister spoke about the future of Norwegian oil and gas.

“Success on the Norwegian Continental Shelf has been, and will remain, dependent on knowledge, capital and competence as well as companies willingness to invest. It is the belief of this Government that it is also in the companies’ best interest to drive the development in a direction that generates the highest value possible for society,” said Tord Lien, Minister of Petroleum and Energy.

RWE Dea Norge’s Managing Director Hugo Sandal was very pleased with the Minister’s signals. “We very much appreciated hearing the Minister’s thoughts and ambitions for the future of our sector. RWE Dea Norge is a company with a high activity level within exploration, development and production. We are committing to significant long term investments in Norway, which makes it very important that the Government expresses its continued support for our industry. In 2014 we have budgeted close to 5.2 billion Norwegian Kroner (700 million Euros) for exploration, development and production,” said Sandal.

RWE Dea Norge has 36 licenses on the Norwegian Continental Shelf, including operatorship of PL435 with the Zidane discovery, which is expected to enter the production phase within the next few years.

May 01, 2014; Image: Flickr

Share this article

Follow Offshore Energy Today

Events>

<< Apr 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Navingo Career Event

The Navingo Career Event is Europe’s biggest career event for the maritime…

read more >

Offshore Technology Conference (OTC) 2020 Postponed

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

OWI APAC 2020

Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply