Equinor submits $374 mln Eirin gas field development plan, Energy News, ET EnergyWorld

OSLO: Equinor submitted on Friday a 4 billion Norwegian crowns ($374 million) plan to develop its Eirin gas discovery in the North Sea, Norway‘s oil and energy ministry said on Friday.

The Eirin discovery, estimated to hold about 27.6 million barrels of oil equivalent, will be developed via a subsea installation tied-back to Equinor’s Gina Krog platform.

“Phasing in Eirin is an important part of extending the life of existing infrastructure and delivering more gas to Europe,” Norway’s Minister of Petroleum and Energy Terje Aasland said.

It’s the first offshore field development submitted to Norwegian authorities this year after a flurry of new projects last year.

The field is expected to start production in 2025.

Gas from Eirin will be exported together with gas from the Gina Krog field via the Sleipner A platform.

Equinor operates the field and has a 78.2% stake, while Kuwait Foreign Petroleum Exploration Company (Kufpec) holds 21.8%.

Kuwait’s overseas oil and gas division has launched a sale process for its Norwegian assets, Reuters reported in May, citing industry sources.

  • Published On Sep 15, 2023 at 04:17 PM IST

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