– One of the most profitable projects in Equinor’s history

On Friday 27 August at 21.25, production started from the Troll phase 3 project in the North Sea, writes Equinor on its websites Monday. The project has a balance price below 10 dollars and a CO2 emission below 0.1 kilos per. barrel oil equivalents.

Recoverable volumes from Troll phase 3 are as much as 347 billion cubic meters of gas, corresponding to 2.2 billion barrels of oil equivalents. The investments are around NOK 8 billion.

Aker Solutions jobs

Executive Vice President for Projects, Drilling and Procurement, Arne Sigve Nylund, describes the project as “one of the most profitable in the entire history of Equinor”, where CO2 emissions from production are also at a record low.

– This is due to very large gas reserves and a development solution that largely uses existing infrastructure, such as pipelines, the process plant at Kollsnes and not least the Troll A platform that gets power from land, says Nylund.

The Phase 3 project consists of eight wells in two well frames, a new pipeline and control cable that connects the well frames up to Troll A, as well as a new process module on the platform. The job was done by Aker Solutions.

Lifespan past 2050

Trolls have been in production for 25 years, and annual government revenues from phase 3 are estimated at more than NOK 17 billion in 2021.

– Phase 3 extends the life of Troll A and Kollsnes processing plant beyond 2050 and the plateau period by 5-7 years, says Executive Vice President for Exploration and Production at Equinor, Kjetil Hove.

The Troll partnership consists of Equinor (operator with 30.58 percent ownership), Petoro (56 percent), Norske Shell (8.10 percent), TotalEnergies EP Norway (3.69 percent) and ConocoPhillips Scandinavia (1.62 percent).

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