Equinor company announced that it has started production from the Troll phase 3 project in the North Sea with investments of about NOK 8 billion, a press release issued by the company declared.

The company added that this project has recoverable volumes estimated at as much as 347 billion cubic meters (bcm) of gas which is equals to 2.2 billion barrels of oil equivalent (bbloe).

Equinor elaborated also that the project has a break-even price below $10 and CO2 emissions of less than 0.1 kg per barrel oil equivalent.

The new wells are tied in to the Troll A platform and Troll phase 3 will extend the platform’s life past 2050.

Arne Sigve Nylund, executive vice president of the project said: “Troll phase 3 is one of the most profitable projects throughout Equinor’s entire history, while at the same time featuring production with record-low CO2 emissions.

« This is thanks to large gas reserves and a development solution mostly based on existing infrastructure, such as pipelines, the processing plant at Kollsnes and, not least, the Troll A platform which receives power from shore. The project has been executed without serious injuries, which is extremely important, » he added.

Troll partners are Equinor, Petoro, Shell, TotalEnergies and ConocoPhillips. Troll phase 3 project consists of eight wells two templates, a new pipeline and umbilical connecting the templates to Troll A as well as a new gas processing module on the platform.