Idemitsu Kosan Co., Japan’s second-largest refiner, and partners including Norsk Hydro ASA have received approval from the Norwegian government to develop a 47 billion yen gas project in the North Sea, the company said Monday.
Idemitsu will invest about 7 billion yen to produce gas and condensate, a type of light-grade crude oil, according to a statement issued by the company in Tokyo. The offshore Vega South Gas field is 135 km northwest of Bergen, Norway.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
We humbly apologize for the inconvenience.