Equinor, the Norwegian energy major, announced on Monday that it has made a commercially viable gas discovery near the Gina Krog field in the North Sea. Although the discovery is relatively small, with estimated recoverable volumes ranging from 5 million to 16 million barrels of oil equivalent, gas production is expected to commence as early as the fourth quarter of 2023.
Strengthening Gina Krog’s Lifetime and Profitability
Equinor’s Senior Vice President for Field Life Extension, Camilla Salthe, emphasized that the newly discovered gas will play a crucial role in extending the lifetime and bolstering the profitability of Gina Krog. Salthe further added that the discovery will enable the rapid delivery of new gas to Europe, offering favorable profitability and minimal carbon dioxide emissions from production.
Collaboration During the Energy Crisis
Partnerships and Operations
Equinor operates Gina Krog in collaboration with the Kuwait Foreign Petroleum Exploration Company and Polskie Gornictwo Naftowe i Gazownictwo. Through these partnerships and ongoing operations, Equinor remains dedicated to the efficient extraction and delivery of energy resources.