Equinor To Develop Arctic Gas Project To Boost Exports To Europe ...Middle East

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Equinor To Develop Arctic Gas Project To Boost Exports To Europe
source : OILPRICE ( Middle East ) () 24
Norway’s energy giant Equinor will invest the equivalent of $1.44 billion with its partners to develop the Irpa gas field north of the Arctic circle in the Norwegian Sea and export the gas to Europe. Equinor and its partners Petoro, Wintershall Dea, and Shell plan to invest $1.44 billion (14.8 billion Norwegian crowns) to develop the gas field, which was proven in 2009 and is in deep water in the Norwegian Sea. Expected recoverable gas resources are estimated at approximately 124 million barrels of oil equivalent or the consumption of nearly…

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