Equinor Cleared to Boost Gas Exports to Tight European Market

Equinor Cleared to Boost Gas Exports to Tight European Market
Equinor receives permission to increase gas exports from two fields on the Norwegian continental shelf to supply the tight European market.

Norwegian oil company Equinor and its partners have received permission to increase gas exports from two fields on the Norwegian continental shelf to supply the tight European market.

Equinor stated that production permits for the Oseberg and Troll fields have each been increased by around 35 billion cubic feet (bcf) for the gas year starting October 1, 2021.

Already in June, Equinor took steps to evaluate and develop concepts for enhancing the production and exports to the European market. This work resulted in enhanced production permits from the Ministry of Petroleum and Energy for the Oseberg and Troll fields.

Specifically, Equinor and its partners have received production permits for the gas year 2021 which for each is 35 bcf higher than for the current year, i.e. an increase from 175 bcf to 210 bcf for Oseberg and from 1,271 bcf to 1,306 bcf for Troll.

“The production permits allow us to produce more gas from these two important fields this fall and through the winter. We believe that this is very timely as Europe is facing an unusually tight market for natural gas. At Equinor we are working on measures to increase exports from our fields on the NCS,” said senior vice president for Gas & Power at Equinor Helge Haugane.

It is worth noting that, after 25 years of significant gas exports from Troll, around 50 percent of the gas is left in the ground. To further develop the Troll area and reinforce our ability to secure gas deliveries to Europe in the coming decades, Equinor has recently completed the Troll Phase 3 project.

Recoverable volumes from Troll phase 3, which will produce the Troll West gas cap with low CO2 emissions, are estimated at as much as 12,254 billion cubic feet of gas. The total recoverable gas volume remaining in Troll is estimated to be 25,250 billion cubic feet.

“Now we are ramping up production at Troll following the completion of the Phase 3 project, and we expect to reach plateau production from 1 October. We take pride in being a long-term, reliable supplier of energy and we are happy that we have been able to identify ways to export as much as practically possible into this tight market,” Haugane added.

Troll Phase 3 will extend the life of Troll A and the Kollsnes processing plant beyond 2050, and the plateau production period by 5-7 years.

To contact the author, email bojan.lepic@rigzone.com


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