Vår Energi ASA submits Plan for Development and Operations for the Gjøa Subsea Projects
Norway, June 25 -- Vår Energi ASA has taken final investment decision (FID) on the Gjøa Subsea Projects in the North Sea. Together with its partners, the Company has today submitted the Plan for Development and Operations (PDO) for the Ofelia and Gjøa Nord developments to the Ministry of Energy. The Gjøa Subsea Projects, where Vår Energi is the operator, comprises development of the Ofelia, Gjøa Nord and Cerisa discoveries as a coordinated subsea development tied back to the Gjøa and Duva infrastructure. The project represents the next phase of developments in the Gjøa area and supports the Company's long-term production target. First production is expected from Cerisa in the third quarter of 2027, followed by start-up from Ofelia and Gjøa ...
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