
German operator Wintershall Dea has submitted to the authorities in Oslo its proposals for developing the Dvalin North field off northern Norway with total investment pegged at about Nkr8 billion ($805 million).
Wintershall Dea, together with partners Petoro and Sval Energi, handed in a plan for development and operation, or PDO, to Norway’s Ministry of Petroleum & Energy, on Tuesday (13 December), they said a joint statement.
The move comes amid a slew of development activity by operators off Norway and is part of Wintershall Dea’s efforts to strengthen operations there to counter-balance the negative impact Moscow’s invasion of Ukraine in February had on its business in Russia.