Austrian oil, gas and chemicals group OMV has received approval from the authorities in Norway to develop and operate the Burling gas field in the North Sea. The first wells are scheduled for construction in the third quarter of 2026, and gas and condensate production is expected for 2028. The total estimated recoverable reserves are expected to be around 45 million barrels.
OMV, which operates the field, owns a 30 percent stake. The Norwegian state energy group Equinor owns 40 percent, and the Norwegian oil and gas company DNO 30 percent. According to previous information, OMV and its partners are investing nearly 900 million euros in the development of the gas field.
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