16:58 - 24.05.2024

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May 24, Fineko/abc.az. Oil & gas company Equinox ASA is to invest more than NOK 12 billion ($1.1 billion) in the development of Troll oil & gas field in the North Sea. 

ABC.AZ reports that according to the company, Equinox plans to build complex TrollFace 3, which will include eight wells and an additional pipeline. The completion of the first stage of the project is scheduled for the end of 2026.

The peak capacity of Troll Phase 3 will be about 7 bcm of natural gas. The commissioning of the complex's facilities will bring total production volume at Troll field up to 55 bcm.