Equinor believes production could begin during the fourth quarter of this year.
Oil and gas giant Equinor has made a gas discovery with volumes between 5 and 16 million barrels of oil equivalent, according to a letter on Monday.
This is the first commercial discovery licensed to Gina Krug since 2011.
The company describes the discovery as small, but believes it could be put into production as early as the fourth quarter of 2023. Equinor is an operator with KUFPEC and PGNIG as partners.
– This discovery will help extend Gina Krug’s life and enhance her profitability, and is also important for the entire Sleipner region. It will quickly bring new gas to Europe with good profitability and low CO2 emissions from production, says Camilla Salthe, director of late-stage fields at Equinor.
-Jenna Krug is already electrified and has backup power. This shows how important it is to research mature areas on the Norwegian continental shelf.
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