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Spirit Energy plans Norwegian Sea gas field development

Reuters - UK Focus

OSLO, June 29 (Reuters) - Spirit Energy has slightly raised the mid-point resource estimate for its Fogelberg gas discovery in the Norwegian Sea after recent appraisal drilling and aims to start production from the field in 2022, it said on Friday.

Owned by Centrica (Frankfurt: A0DK6K - news) and Bayerngas, Spirit holds a 51.7 percent stake in Fogelberg, while PGNiG holds 20 percent, Faroe Petroleum 15 percent and Dyas Norge 13.3 percent.

Updated calculations now show a resource estimate of between 40 million and 90 million barrels of recoverable oil equivalents of gas and condensate, while the previous projection was for 23 million to 94 million barrels. (Reporting by Terje Solsvik, editing by Gwladys Fouche)