A plan for developing Norway’s Zidane natural gas field could be presented in the second or third quarter of 2016, with the early parts of summer being the most likely time frame, Austria’s OMV has indicated.
Zidane, which has been delayed while the owners sought to cut the cost of its development, is operated by oil firm DEA, a unit of Russian billionaire Mikhail Fridman’s LetterOne.
A plan for developing the Wisting oil and gas discovery in the Arctic Barents Sea will probably be presented in 2019 or 2020, OMV’s managing director for Norway, Bernhard Krainer, told an energy conference.
DEA holds 40% of Zidane, while OMV, Maersk Oil and Edison hold 20% each.
Wisting is 25% owned by OMV, while Petoro, Tullow Oil and Idemitsu have 20% each and Statoil has 15%.