RWE Discovers 4-13 Bln Cubic Meters Of Gas In Norwegian Sea

German utility RWA AG (RWE.XE) said Tuesday it has discovered an estimated 4 billion to 13 billion cubic metres of gas in the Norwegian Sea.
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Τρι, 24 Απριλίου 2012 - 17:57
German utility RWA AG (RWE.XE) said Tuesday it has discovered an estimated 4 billion to 13 billion cubic metres of gas in the Norwegian Sea .

MAIN FACTS:

-RWE unit RWE Dea has found the gas on its Zidane field.

-RWE Dea Norge AS has a 40% stake in the production licence and is the operator, with Edison International (EIX), Maersk Oil Norway AS, and OMV AG (OMV.VI) each owning 20%.

-"By developing Zidane, we will get our first own-operated Norwegian field on stream, and we have high ambitions in both exploration and production for the years to come," said RWE Dea Chief Operating Officer Ralf to Baben.

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