OSLO, May 24 (Reuters) - Equinor ( EQNR ) and its
partners in the Troll gas field, Europe's largest, will invest
another 12 billion crowns to further boost production, the
Norwegian energy company said in a statement on Friday.
"This will accelerate production from the reservoir and thus
maintain the current high gas export levels from the Troll and
Kollsnes value chain leading up to 2030," Equinor ( EQNR ) said,
referring to an on-shore terminal through which the gas flows.
The new infrastructure will accelerate production equivalent
to about 55 billion standard cubic metres (bcm) of gas, and at
its peak the annual contribution from the additional development
will amount to around 7 bcm, Equinor ( EQNR ) said.
Norway is Europe's largest supplier of natural gas after a
sharp reduction in Russian deliveries since the start of the war
in Ukraine in 2022.
"The gas from Troll alone meets around 10% of Europe's
demands," Equinor's ( EQNR ) head of exploration and production in Norway
Kjetil Hove said in the statement.
Recent upgrades at the Kollsnes processing plant have
already raised Troll's maximum output capacity to 129 million
standard cubic metres (mcm) of gas per day from 121 mcm
previously, and this will rise further with the new investments.
"Production from the new Troll wells will amount to
about 20 million standard cubic metres of gas per day," Equinor ( EQNR )
said.
The first of the new wells are scheduled to come on
stream at the end of 2026, it added.
Operator Equinor ( EQNR ) holds a 30.58% stake in Troll while
Norway state firm Petoro owns 56%, Shell has 8.10%,
TotalEnergies 3.69% and ConocoPhillips ( COP ) 1.62%.