The Ivar Aasen field holds an estimated 150 MMboe, and could be in production for 20 years. Operator Det Norske Oljeseslkap estimates the overall investment cost at $4.22 billion. Ivar Aasen will be developed and operated from a new center in Trondheim. Partners are Statoil and Bayerngas Norge.
Gina Krog holds an estimated 225 MMboe, and will cost about $5.33 billion to develop. First oil is scheduled for 1Q 2017.