Page 13 - EurOil Week 35 2021

EurOil PROJECTS & COMPANIES EurOil

Norway’s Troll Phase 3 starts up

NORWAY NORWAY’S Equinor has launched gas flow barrel. The project cost NOK8bn ($924mn) to
from the third phase of the giant Troll gas field implement.
Equinor estimates Troll in the North Sea, with the company hailing it Troll Phase 3 comprises eight wells at two
Phase 3’s breakeven as “one of the most profitable projects” in its templates, tied to the Troll A platform with a
price at less than history. new pipeline and umbilical. A new gas process-
$10 per barrel of oil Troll Phase 3 is anticipated to flow 347bn ing module has also been installed at Troll A as
equivalent. cubic metres in its lifetime. This will help extend part of the project.
the operational lives of the Troll A platform and Commissioning of the phase had originally
the onshore Kollsnes processing plant beyond been due to start in the spring of this year but its
2050, Equinor said. launch was postponed until autumn as a result
“Troll Phase 3 is one of the most profitable of coronavirus (COVID-19) restrictions. Its
projects throughout Equinor’s entire history, launch will be welcomed by EU gas consumers,
while at the same time featuring production with the extra supply helping to alleviate short-
with record-low CO2 emissions,” Equinor VP of ages. These shortages have led to wholesale gas
projects, drilling and procurement, Arne Sigve prices exceeding $500 per 1,000 cubic metres in
Nylund, said in a statement. “This is thanks to recent years.
large gas reserves and a development solution The overall Troll field is Norway’s biggest
mostly based on existing infrastructure, such as gas producer, generating revenue for the last 25
pipelines, the processing plant at Kollsnes and, years. It typically meets around 8% of EU gas
not least, the Troll A platform which receives consumption.
power from shore.” Equinor has a 30.7% stake in the field,
Equinor estimates Troll Phase 3’s breakeven while Petoro has 56%, Royal Dutch Shell 8.1%,
price at less than $10 per barrel of oil equiva- TotalEnergies 3.7% and ConocoPhillips a fur-
lent (boe), with emissions of under 0.1 kg per ther 1.6%. ™

Spirit discovers more

gas at Grove field

UK UK operator Spirit Energy has announced the through the re-use of facilities, which also con-
discovery of more natural gas at the Grove field tributed to lowering the carbon intensity.”
Spirit holds a 92.5% near the maritime border with the Netherlands, “The Grove well demonstrates ability to
interest in the field. noting the find would extend the project’s pro- deliver life extension opportunities in the North
duction life. Sea basin, as we did with the Chestnut and York
The Grove North East development well fields,” the director concluded.
tapped into carboniferous reservoirs with some Grove and Grove North East are operated
250 feet (76 metres) of gas-bearing sandstones by Spirit with a 92.5% interest, while its part-
identified. The well has been completed for pro- ner Rockrose has 7.5%. The company, which is
duction, Spirit said. majority-owned by UK energy group Centrica,
The company did not provide an estimate for is involved in 12 operated and non-operated
the find’s size, but it announced in January that projects in total in the UK North Sea, and also
the new well would be targeting an extra 42mn has activities off the coasts of Norway and the
barrels of oil equivalent (boe) at Grove. The dis- Netherlands. ™
covery means that Grove, which had been due to
reach depletion in 2022, can keep flowing until
at least 2028.
“This project as sanctioned in a relatively low
gas price environment in 2020 to support the
supply chain activities through the COVID pan-
demic,” Spirit’s director for North Sea operated
assets, Girish Kabra, commented. “Drilling was
made possible by efforts of our team and sup-
ply chain partners to reduce drilling costs and

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