Norway Approves Development of Equinor's Kristin South Project
2/2/2022
OSLO (Reuters) — Norway has approved plans to develop several Equinor-operated gas and condensate discoveries in the Norwegian Sea, the ministry for petroleum and energy said on Wednesday.
Equinor and its partners plan to invest 6.5 billion Norwegian crowns ($742 million) to develop several discoveries in the Kristin field and nearby, estimated to hold 58 MMboe.
The project, known as Kristin South Phase 1, is expected to start production in 2024, with gas to be exported to Europe via an existing offshore pipeline system, while the oil will be shipped, the ministry said.
Equinor and its project partners – Petoro, Eni's Norwegian subsidiary Vaar Energi and TotalEnergies – submitted the plan in June.
Related News
Related News
Sign up to Receive Our Newsletter
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
Comments