Norway endorsed the development of several Equinor-operated gas and condensate discoveries in the Norwegian Sea, according to the ministry for petroleum and energy. Along with its partners, Equinor plans to invest $742 million (6.5 billion Norwegian crowns) in several discoveries in the Kristin Field region, estimated to hold 58 MMboe. The Kristin South Phase 1 should begin production in 2024, with gas exportation to Europe occurring on an existing offshore pipeline system, the ministry said.
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