Equinox Has Presented a Plan for the Development of the Eirin Gas Field in the Amount of NOK 4 Billion
Norway’s largest oil and gas company Equinor today announced that it has submitted to the Norwegian Ministry of Petroleum and Energy a plan for the development and operation of the Eirin gas field in the North Sea, worth NOK 4 billion ($374 million).
The Eirin field, discovered in 1978 and estimated to contain about 27.6 million boe, the majority of which is gas, will be developed as a subsea facility tied to the Gina Krogh field in the North Sea.
“Leveraging Gina Krogh’s infrastructure will allow Eirin to quickly deliver new gas to Europe with good profitability and low CO 2 emissions during production,” said Camille Salte, senior vice president at Equinor.
The first offshore discovery to be submitted to Norwegian authorities this year, production at Eirin is expected to begin in 2025.
Gas from the Eirin field will be exported along with gas from the Gina Krogh field via the Sleipner A platform.
Equinor operates the field and has a 78.2% stake, while Kuwait Foreign Petroleum Exploration Company (KUFPEC Norway) owns 21.8%.
