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Orlen expands North Sea stake

04:07

Orlen expands North Sea stake
Source: Adobe Stock

Orlen Upstream Norway has signed a deal with TotalEnergies EP Norge to acquire an additional 20.23% stake in the Tommeliten Gamma field in the North Sea’s Ekofisk region, raising its holding to 62.61%. Operated by ConocoPhillips, the field is expected to start production in 2029 and will boost Orlen’s reserves by nearly 6 million barrels of oil equivalent.

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