Norway

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Norway’s petroleum and energy ministry has approved revised production permits for three natural gas fields to increase exports to a gas-starved Europe looking to diversify away from Russian imports. The adjusted permits are not expected to significantly increase daily output but will rather contribute to maintaining Norway’s high export volumes. Norway is one of the countries the European Commission has said has been approached to provide additional volumes to the EU in case of an interruption of Russian gas flows. Field operator Equinor said the adjusted permits would allow an export increase of: around 1 Bcm, or a 15%-20% year-on-year increase, for the Oseberg field to around 7 Bcm for the 12-month period ending September 2022; around 0.4 Bcm, or a 30% increase, for the Heidrun field in the calendar year 2022; the giant Troll field will also be allowed a 1 Bcm production increase, or slightly less than 3%, to 38 Bcm — but only in the event of loss of production from surrounding fields.

Topics:
Gas Supply, Offshore Oil and Gas
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