Equinor discovers commercially viable gas near Gina Krog field in North Sea
Equinor has reported a new gas discovery adjacent to the Gina Krog field in the North Sea, deemed commercially viable and with production slated to commence as soon as the fourth quarter of 2023.
Quick-to-Market Gas Discovery Enhances North Sea Assets
The well, drilled by the Noble Lloyd Noble rig, has unearthed recoverable volumes projected between 5 and 16 million barrels of oil equivalent. This discovery, while small, is notable for its rapid production timeline and utilization of existing infrastructure, which significantly shortens the time-to-market.
Utilizing Existing Infrastructure for Efficient Production
The newfound gas volumes will tap into the established Gina Krog platform, leveraging the infrastructure to begin prompt production. This strategic use of current facilities not only expedites the process but also underscores the potential in exploring mature areas within the Norwegian continental shelf.
Equinor reports commercially viable gas discovery near Gina Krog field in North Sea
Camilla Salthe, senior vice president for field life extension at Equinor, highlights the significance of the discovery, stating, “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.”
Strategic Energy and Environmental Benefits
The announcement comes in the wake of the 2021 energy crisis, during which Equinor and Norwegian authorities worked closely to maximize gas delivery to Europe. The increased gas export from the Gina Krog partnership, alongside the acceleration of lifetime-extending projects for the field, underscores a commitment to supporting energy supply needs while maintaining environmental standards.
Partnership and Continued Exploration on the Norwegian Shelf
Equinor, leading operations with a 58.7% share, alongside partners KUFPEC Norway AS (30%) and PGNiG Upstream Norway AS (11.3%), marks this as the first commercial gas discovery in the Gina Krog license since 2011, setting a precedent for future explorations and developments in the region.