The partners in the Wisting licenses have decided to postpone the investment decision originally scheduled for
CEO of
"The Wisting partners, led by the operator
"The partnership has therefore concluded to postpone the investment decision for Wisting. We are planning for further exploration activity, aiming to increase the resource base in the area. In parallel, the development concept will be further matured to ensure an economically sound development and a robust project execution."
"In our view, the Wisting area represents a significant value creation opportunity for the owners as well as for the society at large, both through taxes and through local and national ripple effects. And with the revised timeline, the development will contribute to a more stable long-term utilisation of the capacity in the supply industry."
For further information, please see today's announcement from
Contacts:
About
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
This
https://news.cision.com/aker-bp-asa/r/investment-decision-for-the-wisting-project-postponed,c3664635
https://mb.cision.com/Main/1629/3664635/1661594.pdf
(c) 2022 Cision. All rights reserved., source