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DEA to invest more than $2 bln in Norwegian exploration

German oil and gas company DEA is looking to invest more than €2 billion in the development of projects on the Norwegian Continental Shelf
By Staff reporter 29 August 2018 Europe & Russia / Exploration & Production 0 32344

German oil and gas company DEA is looking to invest more than €2 billion ($2.3 billion) in the development of projects on the Norwegian Continental Shelf (NCS) and aims to double its output from the country, Chief Executive Maria Moraeus Hanssen has said.

“As part of our long-term growth strategy, we are investing more than €2 billion in our development projects on the NCS”, Hanssen told delegates at the Offshore North Sea 2018 conference in Stavanger on Monday.