News
The decision is an important milestone for Point Resources, as it secures a cost-efficient development of the discoveries estimated to hold between 90-130 million boe of resources, with considerable exploration upside in the licence.
In a process where three competing concepts have been matured, the partners in licence PL586 on the Norwegian Continental Shelf have decided to develop the Pil & Bue discoveries as a subsea tie-back to the Njord A platform in the Norwegian Sea. Point Resources is the largest owner in the field with a 45 percent interest share, while VNG is the operator.
