Published by Global Banking & Finance Review®
Posted on February 12, 2025
1 min readLast updated: January 26, 2026
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Shell and Gassco have been approved to expand the Ormen Lange gas field, increasing the recovery rate to 85% and boosting production.
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)
The article discusses Shell and Gassco's approval to expand the Ormen Lange gas field in Norway, aiming to increase production and recovery rates.
The Ormen Lange gas field is located in the Norwegian Sea, discovered in 1997, and began production in 2007.
The expansion aims to increase the recovery rate to 85% and accelerate gas production, impacting Europe's energy supply.
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