Equinor plans revamp of Oseberg field assets

Norway

OSLO, November 26, 2021 – Equinor has announced plans to invest USD 1.1 billion in boosting gas production from its Oseberg field, the Norwegian state-owned energy company announced on Friday.

Plans involve installation of two compressors and partial electrification of the Oseberg Field Centre and the Oseberg South platform.

The asset will move from being a majority oil producer to a majority gas producer.

“This investment decision allows us to increase production of Oseberg gas considerably in the future, while reducing carbon dioxide emissions by an estimated 320,000 tonnes per year,” said Geir Tungesvik, senior vice-president for project development at Equinor.

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