Norwegian energy company Equinor says it has received permission to increase gas exports from two fields on the the Norwegian continental shelf to supply the tight European market.
The permits from the Ministry of Petroleum and Energy allow Equinor to increase production by 1 billion cubic meters each for the Oseberg and Troll fields for the gas year starting October 1, equating to an increase from 5 bcm to 6 bcm for Oseberg and from 36 bcm to 37 bcm 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,” says Helge Haugane, senior vice president Gas & Power.
Equinor recently completed the Troll Phase 3 project after 25 years of operations at the Troll field, where approximately 50% of recoverable gas remains in the ground. Recoverable volumes from Troll phase 3, which will produce the Troll West gas cap, are estimated at as much as 347 billion standard cubic meters of gas. Total recoverable gas volume remaining in Troll is estimated to be 715 billion standard cubic meters.
“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,” says Helge Haugane.
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