Principal contracts awardedMoving offices

Frigg is commercial

person by Trude Meland, Norwegian Petroleum Museum
The Ministry of Industry declared officially that the operators regarded Frigg as commercially exploitable. It was regarded at the time as the largest offshore gas field to have been discovered worldwide.
— Tertiary 65 - 1.8 million years ago, reservoir rocks in fields such as Frigg. Illustration: Robert W. Williams / Norwegian Oil Museum
© Norsk Oljemuseum

Hydro was entitled to a double option under the revised Petronord agreement of 16 July 1965. The company announced on the same day Frigg was declared commercial that it intended to exercise this option, and thereby increased its share of production licences 023 to 026 from 13.6 per cent to 34.6 per cent.

The government also exercised its option in May 1973 to secure five per cent of Petronord.

Read more: Norwegian and french companies join forces

Principal contracts awardedMoving offices
Published October 24, 2017   •   Updated October 20, 2020
© Norsk Oljemuseum
close Close

Leave a Reply

Your email address will not be published. Required fields are marked *