The partnership in Breidablikk, Petoro, Vår Energi, ConocoPhillips and Equinor (operator) have decided to develop the Breidablikk field in the North Sea. Monday 28th
of September, the partnership submitted the plan for development and operation (PDO) to the Minister of Petroleum and Energy. Expected recovery from the field is approx 200 million barrels of oil and the investments will be just under NOK 20 billion. The Breidablikk field is one of the largest oil discoveries on the Norwegian shelf that has not yet been developed. The decision to develop the field will provide significant value to Norwegian society and the owners.