Middle East

Norway approves Equinor’s Kristin South

February 2, 2022

Kristin Platform-Photo: Marit Homme / Equinor

Norway has approved plans to develop several equinor working gas and condensate discoveries in the Norwegian Sea, the Ministry of Petroleum and Energy said Wednesday.

Equinor and its partners will invest 6.5 billion Norwegian krone ($ 742 million) to develop several discoveries estimated to hold 58 million barrels of oil equivalent in and around the Christine field. ..

The project, known as Christine South Phase 1, is scheduled to begin production in 2024, with gas being exported to Europe via the existing offshore pipeline system and oil being shipped, the ministry said.

Equinor and its project partners Petoro, Eni’s Norwegian subsidiaries Vaar Energi and TotalEnergies submitted their plans in June.

($ 1 = 8.7654 Norwegian krone)

(Report by Nora Buli, edited by Nerijus Adomaitis and Jane Merriman)

https://www.oedigital.com/news/493985-norway-approves-equinor-s-kristin-south-development Norway approves Equinor’s Kristin South

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