The Norwegian Government has approved the $428m Trym gas field development in the North Sea, the country’s ministry has announced.

Investments for the field include a subsea installation and two production wells that will be connected to the Harald platform, 5.5km away in the Danish zone of the North Sea.

The Trym field lies to the south of the Norwegian Continental Shelf and holds reserves of about 4.4 billion cubic metres of gas and 1.1 million cubic metres of condensate.

Denmark’s DONG Energy holds a 50% stake in Trym, while the remainder is owned by Germany’s Bayerngas.