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    Home > Finance > Shell gets go-ahead for Norway's Ormen Lange 3 gas field
    Finance

    Shell gets go-ahead for Norway's Ormen Lange 3 gas field

    Published by Global Banking & Finance Review®

    Posted on February 12, 2025

    1 min read

    Last updated: January 26, 2026

    This image illustrates Shell's recent approval for the Ormen Lange 3 gas field in Norway, highlighting the project's aim to enhance gas recovery rates and production efficiency, reflecting significant developments in the finance and energy sectors.
    Shell's Ormen Lange 3 gas field project approval in Norway - Global Banking & Finance Review
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    Quick Summary

    Shell and Gassco have been approved to expand the Ormen Lange gas field, increasing the recovery rate to 85% and boosting production.

    Shell Gains Approval for Ormen Lange Gas Field Expansion

    OSLO (Reuters) - Norway's Ocean Industry Authority said on Wednesday it has given Gassco and Shell consent for the startup of production from the Ormen Lange gas field's third phase.

    The goal of the project has been to increase the recovery rate from the Ormen Lange field to 85% of the total resources from 75% previously, while also accelerating gas production, the regulatory agency said.

    The Ormen Lange field in the Norwegian Sea was discovered in 1997 and began production in 2007.

    (Reporting by Terje Solsvik, editing by Stine Jacobsen)

    Key Takeaways

    • •Shell and Gassco received approval for Ormen Lange phase three.
    • •The project aims to increase the recovery rate to 85%.
    • •Ormen Lange was discovered in 1997 and started production in 2007.
    • •The expansion will accelerate gas production in Norway.
    • •The Norwegian Sea field is crucial for Europe's energy supply.

    Frequently Asked Questions about Shell gets go-ahead for Norway's Ormen Lange 3 gas field

    1What is the main topic?

    The article discusses Shell and Gassco's approval to expand the Ormen Lange gas field in Norway, aiming to increase production and recovery rates.

    2What is the Ormen Lange gas field?

    The Ormen Lange gas field is located in the Norwegian Sea, discovered in 1997, and began production in 2007.

    3Why is the Ormen Lange expansion important?

    The expansion aims to increase the recovery rate to 85% and accelerate gas production, impacting Europe's energy supply.

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