Norway's Fram to Invest in Troll Gas Module
Norway’s Statoil has said that partners in the Fram licence, in the North Sea, have decided to invest kroner 1bn ($122mn) in a new gas module on the Troll C platform.
The decision was taken in agreement with the Troll licence partners, it said November 6. It will enable oil production and gas exports from the Fram field to be increased, and boost the profitability of both Fram and Troll. Statoil has awarded the EPCI contract (Engineering, Procurement, Construction, Installation) for the Troll C gas module to Aibel; it has an estimated value of kroner 600mn ($73mn).
Aibel in Bergen will be responsible for engineering, and the module will be fabricated at Aibel’s Haugesund yard. Work has already started, and the project aims at start-up at the end of 2019.
The Fram oil and gas field is 20km to the north of Troll. Fram licensees are Statoil 45%, ExxonMobil 25%, Engie E&P 15% and Japan's Idemitsu 15%.
Troll owners are Norwegian state holding Petoro 56%, Statoil 30.58385%, Shell 8.10145%, Total 3.69096% and ConocoPhillips 1.62374%.
Troll is the largest gas production field in Norway, having produced 31.86bn m3 in 2016, while smaller Fram produced 0.63bn m3. Both also produced liquids.
Mark Smedley