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Equinor, Partners to Boost Gas Output Offshore Norway

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Equinor (EQNR) and its partners, Petoro, Shell (SHEL), TotalEnergies (TTE), and ConocoPhillips (COP) are investing 4 billion Norwegian krones ($413.2 million) in a Troll field project in the North Sea to boost gas production, Equinor said on Friday.

The project, named Troll West Increased gas recovery North, or Twin, is expected to launch production as early as 2028.

It represents third step of Troll Phase 3 and will extract gas from Troll West reservoir. It will feature two wells inside a subsea template and a pipeline connected to existing offshore facilities, the company noted.

Operators expect the development to recover about 11 billion standard cubic meters of gas. The partnership is now notifying the Ministry of Energy about the development following a completed environmental impact assessment, it stated.

Equinor aims to develop six to eight similar subsea projects annually through 2035, targeting an overall production level of 1.3 million barrels per day from the region.

The Troll field holds roughly 40% of the total gas reserves on the Norwegian continental shelf and supplies about 10% of Europe's total gas needs.

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