The Troll C platform in the North Sea. (Source: Equinor)
Equinor and its partners have agreed to spend NOK 21 billion (US$2.1 billion) to develop the Fram Sør oil and gas field in the Norwegian North Sea, the company said June 26.
The subsea project being developed by Equinor, Vår Energi and Inpex Idemitsu Norge combines several discoveries that together have recoverable volumes of about 116 MMboe, about 75% of which is oil, Equinor said in a news release.
“The development will put new oil and gas resources on stream by connecting new infrastructure to existing facilities that provide good and robust profitability,” said Geir Tungesvik, executive vice president of projects, drilling and procurement at Equinor. “With the host platform Troll C being powered from shore, the production from Fram Sør will have very low emissions.”
Equinor said the CO2 intensity for the development is an estimated 0.5 kg of CO2 per boe, compared to the Norwegian Continental Shelf’s average of 8 kg/boe and the industry average of about 16 kg/boe.
The development includes the Echino South and the Blasto discoveries along with two smaller discoveries in the North Sea.
Equinor said it has submitted the plan for development and operation of Fram Sør to Norway’s energy minister. Production is scheduled to begin at the end of 2029.
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