Norwegian state-owned energy giant Equinor and its partners – Petoro, Shell, Total Energy and ConocoPhillips – have set the maximum investment of just over 4 billion Norwegian kroner (about $410-420 million) in a new subsea development project, which will boost gas production from a field in the Norwegian sector of the North Sea.
As both industry and authorities focus on streamlining operations, reducing costs, and supplying new volumes of gas more quickly, among the many subsea projects planned on the Norwegian Continental Shelf (NCS) in the coming years is the Troll West Increasing North Gas Recovery Project, or also known as the Troll West Increasing North Gas Project. Twin projectIt is expected to contribute about 11 billion standard cubic meters of gas.
This development is the third step Troll stage 3Which produces gas from Troll West The tank is at Dwarf field In the North Sea off the coast of Norway. The second step will be operated during 2026 and will ensure continued high production of Troll A And colossus towards 2030.
According to Equinor, both the platform and onshore plant are powered by electricity from shore, meaning the gas will be produced with very low emissions. The project consists of two block wells and a pipeline connected to existing subsea facilities, with the umbilical and MEG line extended to the new project.
Partners in the TWIN project are Equinor (30,55%, operator), Petoro (55,93%), A/S Norske Shell (8,19%), TotalEnergies EP Norge (3,69%), ConocoPhillips Skandinavia (1,64%). An environmental impact assessment has been carried out. Therefore, the operator claims that the partnership will now send a declaration to the Ministry of Energy regarding the development in accordance with the Petroleum Law.
Gunnar Naquinsenior vice president of projects and subsea Norway at Equinor, commented: “We have an ambition to start production as early as 2028. By simplifying, increasing standardization and reusing existing infrastructure and equipment, we are reducing costs and enabling faster production, in line with our new ways of working. The project helps preserve jobs, create value and secure gas exports to Europe from Troll A and Kolesnes.”
The Norwegian giant aims to produce 1.3 million barrels per day from NCS in 2035. The Troll field is said to contain about 40% of the total gas reserves on the Norwegian continental shelf and forms the cornerstone of the country’s gas production.
Gas from Troll alone meets about 10% of Europe’s gas needs, based on information provided by Equinor. The company confirms that the annual energy production from the Troll field is equivalent to about three times the annual Norwegian hydroelectric production.
“Our fields are aging, new discoveries are smaller and costs are increasing. If we want to continue to deliver, we need to do something radically different. Our ambition is to halve the costs and implementation time of our subsea projects and develop six to eight such projects per year until 2035.” Nakken confirmed.
This investment announcement for the TWIN project comes shortly after Equinor Revealed the concept The development brings together several discoveries in the North Sea into one project, with total resources estimated at approximately 240 million barrels of oil equivalent.
Boost your brand with marine energy ⤵️
Steal the spotlight and establish your brand in the heart of the outside world!
Join us to make a greater impact and grow your presence at the core of the marine energy community!
