Norwegian Equinor has agreed with the Norwegian authorities to increase gas production from three fields during the year to meet demand in Europe, the company said in a statement.
“Equinor and its partners, together with the Norwegian authorities, are taking new steps to meet the demand for gas in Europe. The expansion of production permits allows us to maintain a high level of gas production at the Troll, Oseberg and Heidrun fields in the summer months,” Equinor said.
The agreement with the authorities makes it possible to increase gas production at the Oseberg and Troll fields by 1 billion cubic meters each in the period up to September 30, at Heidrun – by 0.4 billion cubic meters in the calendar year 2022. At the same time, in order to increase production at the Troll deposit, a condition is set: it is possible with a drop in production at other fields.
Equinor clarifies that “1.4 billion cubic meters of gas meet the need for 1.4 million European homes during the year.”
Thus, production at Oseberg is expected to amount to about 7 billion cubic meters, and exports from it in the current gas year may grow by 15-20% due to an additional 1 billion cubic meters. It is possible to produce about 38 billion cubic meters at the Troll field this gas year, that is, the increase may be slightly less than 3%. Exact data on the Haidrun deposit are not provided. Equinor also recalls that in mid-May it plans to launch Hammerfest LNG, which was previously affected by the fire, which will provide production of more than 6 billion cubic meters of gas per year.
The Equinor Energy Group was founded in 1972 and was called Statoil until May 2018. The company operates in more than 30 countries. The largest shareholder is Norway.