Equinor has started production on the first phase of the Kristin South project from the first Lavrans well in the Norwegian Sea. The project is being developed and operated by Equinor (54.82%) in partnership with Petoro (22.52 %), Vår Energi (16.66 %), TotalEnergies EP Norge (6 %). For the first phase of the Kristin South project, a new subsea template has been installed and tied into the Kristin platform, now processing oil and gas from the first well at the Lavrans field. The gas is expected to be exported through the pipeline system to the European market, while the oil will be transported to the market by ship via the Åsgard C storage vessel.
The expected production in phase one of the Kristin South project is estimated in the PDO at 6.2 bcm of gas and 1.9 mcm of oil (a total of 58.2 Mboe). Four additional wells are planned as part of the first phase of the Kristin South project. The technical lifetime of the Kristin platform is currently estimated to reach until 2043 with potential for further extensions.
Norway has important hydrocarbon reserves (1,959 bcm for natural gas and 943 Mt for oil, end of 2023), which are mainly located in the North Sea.
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