Equinor (EQNR) and Partners Commit NOK 4 Billion to North Sea Gas Expansion

Equinor (EQNR) and its partners are investing approximately NOK 4 billion in two new subsea developments in the North Sea. The projects, Troll Future Phase 2 and Fram H-Nord, aim to increase gas production from the Troll and Fram fields, with combined production expected to commence in 2029. The NOK 4 billion investment targets Troll Future Phase 2, involving two new gas production wells and a tie-in to the Troll A platform, expected online in 2026. The Fram H-Nord project adds one new gas well tied to Fram H, with production anticipated in 2027. These developments are projected to yield 67 billion standard cubic feet (bscf) of gas. Equinor, as operator, holds a 30.58% stake in the Troll license, alongside partners Petoro (59.60%), TotalEnergies (3.69%), Shell (3.22%), and ConocoPhillips (2.91%). For the Fram license, Vår Energi operates with a 45% stake, joined by Equinor (25%), Aker BP (15%), and Petoro (15%).