Statoil and its partners this week handed in plans for the Njord Future and Bauge projects, in the Norwegian Sea, launching an expected slew of developments that could quadruple the value of new Norwegian offshore investments compared with last year.
Njord Future will upgrade the 20-year-old Njord A semi-submersible production platform and the Njord B storage vessel for another 20 years of service at a cost of Nkr15.7
