While one segment of an oil project in the North Sea is slated to go into production mode this year, Vår Energi and its partner, Kistos Energy, have put their stamp of approval on a final investment decision (FID) to bring online another addition to the same asset next year off the coast of Norway.
Nine companies have won exploration rights for several offshore blocks on offer at the 5th Permanent Concession Offer Cycle held by Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP).
