Aker BP has found more oil near the Yggdrasil field – news Norway – Overview of news from different parts of the country

Aker BP writes that the new find is a possible addition to the Yggdrasil field. The Yggdrasil area is located directly west of Bergen in the North Sea. – We see a lot of potential around Yggdrasil, and will continue active exploration together with our partners, says Per Øyvind Seljebotn, director of exploration and development at Aker BP, in a press release. The discovery amounts to 40 to 90 million oil barrel equivalents, according to the company. Previously, they have communicated that the field could yield 18 to 40 million oil barrel equivalents. The discovery corresponds to a roughly 10 percent increase in the previous estimate for oil resources in the Yggdrasil field, which was 650 million oil barrel equivalents. It is estimated that the first oil from Yggdrasil will be produced in 2027. Total investments in the field are estimated at NOK 115 billion. Oil and Energy Minister Terje Aasland (Ap) is not against Aker BP’s very exciting discovery. He says to news that it is up to the oil company to what extent this is to be extracted, but: – Finding more resources on the NCS is very good. Oil and Energy Minister Terje Aasland on the Njord platform in the Norwegian Sea. Photo: Josef Benoni Ness Tveit / news Aasland believes the discovery helps make Norway a safe and predictable supplier to a market that will have a great need for oil and gas in the future. At the same time, the minister believes that new discoveries open up “fantastic opportunities”, both for increased welfare within the country and for a green transition. – We will cut emissions from the Norwegian continental shelf, and have a fairly clear plan for that. We take responsibility for what is our responsibility. Climate target Norway’s climate target states how much Norway must cut its emissions by. The Støre government promised the UN last year that Norway will cut 55 percent. But the government’s action plan has received criticism from climate scientists in particular. They believe that the measures will be too general, and not concrete enough.



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