Equinor Makes Commercially Viable Gas Discovery Near Gina Krog Field in the North Sea

Equinor Makes Commercially Viable Gas Discovery Near Gina Krog Field in the North Sea

(IN BRIEF) Equinor has announced a commercially viable gas discovery near the Gina Krog field in the North Sea. Although the discovery is relatively small, it is considered commercially viable due to its ability to leverage existing infrastructure by the Gina Krog platform. The estimated recoverable volumes range from 5 to 16 million barrels of oil equivalent, and gas production is expected to commence as early as 2023. The discovery is significant for the entire Sleipner area and will contribute to extending the lifetime and profitability of Gina Krog, while also providing Europe with additional gas resources with low CO2 emissions from production. Equinor is the operator of the discovery, with partners KUFPEC and PGNiG. This marks the first commercial discovery in the Gina Krog license since 2011.

(PRESS RELEASE) STAVANGER, 7-NOV-2023 — /EuropaWire/ — The recoverable volumes are estimated to be between5 og 16 million barrels of oil equivalent. The well was drilled by the Noble Lloyd Noble rig. Equinor is the operator with KUFPEC and PGNiG as partners.

The discovery is considered commercially viable, partly because it can make use of existing infrastructure by the Gina Krog platform. The well has been drilled as a development well with exploration target, and the plan is to put the well into production during the fourth quarter of 2023.

Preparations have already been carried out on Gina Krog so that the well can quickly start production.

“The discovery will help extend the lifetime and strengthen the profitability of Gina Krog and is important for the entire Sleipner area. It will quickly bring new gas to Europe with good profitability and low CO2 emissions from production. Gina Krog is already electrified and has spare capacity. This shows how important it is to explore in mature areas on the Norwegian continental shelf,” says Camilla Salthe, senior vice president for field life extension in Equinor.

When the energy crisis hit in 2021, there was close collaboration with Norwegian authorities to deliver the maximum amount of gas to Europe. The Gina Krog partnership significantly increased its gas export by exporting gas previously used for injection for oil extraction. At the same time, it triggered a need to accelerate projects that can extend the lifetime of the field. Together with the Eirin development, the discovery is an important part of this work.

Equinor is the operator (58.7%) with KUFPEC Norway AS (30%) and PGNiG Upstream Norway AS (11.3%) as partners.

This is the first commercial discovery in the Gina Krog license since 2011.

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SOURCE: Equinor ASA