Det Norske announced today first production from offshore of Norway
Det Norske Oljeselskap ASA, in partnership with Core Energy AS and Lundin Norway AS (ticker: LUPE) announced the production of first oil from their offshore project in the Bøyla field. The Bøyla field is the fourth field in production in the larger Alvheim area.

The company said in its release that total investment in the development of the Bøyla field amounts to approximately NOK 5 billion, or $650 million. Recoverable reserves from the field are estimated at approximatel...

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