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Equinor invests more than US$1 billion in the Troll Phase 3 Project to increase gas production in the North Sea, aiming to reinforce Europe's energy security.
The company Equinor recently announced the start of Project Troll Phase 3, which aims to increase gas production in the North Sea. With a significant investment of more than US$1 billion, the company seeks to improve production standards and reinforce Europe's energy security. The project promises to bring positive impacts to the region, strengthening gas infrastructure and boosting the local economy.
O field development of gas in the North Sea is directly related to investment in gas infrastructure from Equinor. With advanced technologies and well-defined strategic planning, the company intends to improve production and guarantee energy supply. Furthermore, investment in gas infrastructure also brings socioeconomic benefits to the region, generating jobs and stimulating sustainable growth. Equinor is committed to boosting the gas industry and contributing to Europe's energy security.
Project Troll Phase 3 Expansion
May 24, 2024, by Melisa Čavčić
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Norwegian state-owned energy giant Equinor has unveiled plans to further develop gas infrastructure at an oil and natural gas field in the Norwegian North Sea. This project, focused on the Troll field, aims to strengthen energy security in Europe and will require considerable investment in infrastructure.
Gas Field Development and Infrastructure Investments
The Troll Phase 3 project is an ambitious initiative by Equinor to maximize the resources of the Troll field. Until now, the development of the gas field has gone through different phases, from the construction of the Troll A Platform up to the implementation of subsea gas pipelines and subsea production systems. With the investment in gas infrastructure, the company intends to accelerate the production of gas reservoir and maintain high levels of exports.
The first part of Phase 3 of the project involves producing the gas cap covering the oil column at Troll West, while continuing oil production. The gas produced is transported to the Troll A Platform and then to existing infrastructure, ensuring a continuous flow of resources.
Expansion and New Investments
With the decision to invest more than NOK 12 billion to boost gas infrastructure in the Troll West gas area, Equinor and its partners hope to increase production and keep Europe supplied with gas until 2030. This investment includes the creation of new wells and the installation of a new gas flow line to improve connectivity with the Troll A Platform.
The new wells are expected to come into operation at the end of 2026, contributing significantly to the region's annual gas production. With an estimated production of around 7 billion standard cubic meters of gas at peak, the Troll Phase 3 project will continue to play an essential role in Europe's energy security.
Project Highlights and Strategic Partnerships
The second phase of the project, known as TP3 II, encompasses the drilling of eight new wells and the installation of advanced subsea production systems. Several contracts have been awarded to specialist companies, including OneSubsea, Allseas and Odfjell Drilling, to ensure the success of the Troll gas expansion.
With careful planning and the choice of experienced suppliers, Equinor is confident that the project will achieve the established goals and contribute significantly to gas production in the region. The company reiterates its commitment to fully utilize the capacity of existing infrastructure and continue to supply energy to Europe in an efficient and sustainable way.
Source: © 2024
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