French oil and gas major Total SA (TOT) said Thursday it has decided to begin development of its Hild gas field in the Norwegian zone of the North Sea .

The development represents an investment of $4.2 billion, Total said in a statement, and is subject to Norwegian government approval.

Total said the field will be put into production at the end of 2016, with production reaching 100,000 barrels of oil equivalent a day at peak. Total estimates the Hild field's reserves at about 190 million barrels of oil equivalent.

Total has a 51% interest in the field alongside partners Petoro with 30% and Norwegian state hydrocarbons company Statoil ASA (STO) with 19%.

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