Repsol was granted consent to start production at its Yme oilfield in the North Sea, the Norwegian Petroleum Directorate said on Wednesday.
Yme is one of the first oilfields on the Norwegian shelf to be redeveloped after the field was shut down in 2001, when production was deemed unprofitable, NPD said.
Repsol and its partners, including Norwegian oil firm Okea , will use a jack-up drilling rig, Maersk Inspirer, as a production facility.
The 12 billion Norwegian crown ($1.35 billion) project aims to produce about 63 million barrels of oil.
Production startup is expected during the second half of 2021, after more than a year of delays, NPD added.
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