en.Wedoany.com Reported - Equinor and its partners have agreed on the concept for the Ringvei Vest subsea development project, which will connect to the Troll B platform in the Norwegian North Sea. Ringvei Vest is one of the largest early-phase projects on the Norwegian continental shelf, comprising discoveries including Grosbeak, Swisher, Mulder, Kveikje, Toppand, Røver Sør, and Røver Nord, as well as the Grønngylt prospect. These resources are distributed across eight licenses with a total of seven owners.

Ringvei Vest covers a large area and plans to drill 13 wells through six manifold templates. Well fluids will be separated subsea before being transported to the Troll B platform, which also provides power for the subsea infrastructure. Well control is planned to be executed from the Troll B platform, with oil sent to Mongstad and natural gas to Kollsnes. The project also plans to add a new compressor on the Troll B platform to increase processing capacity. Part of the platform's power comes from shore power, enabling oil and gas from Ringvei Vest to be produced with low emissions.

Equinor serves as the operator for all licenses and estimates that Ringvei Vest will contribute 240 million barrels of oil equivalent. Kjetil Hove, Equinor's Executive Vice President for Norwegian Exploration and Production, stated: "The Norwegian continental shelf is maturing, with new discoveries becoming smaller and costs rising. To maintain a high level of activity and provide reliable energy supplies to Europe, it is crucial to develop marginal discoveries near existing infrastructure and engage in cross-license cooperation. Equinor's goal is to increase its equity production on the Norwegian continental shelf to 1.3 million barrels per day by 2035."

The project is expected to reach the Continue Decision (DG2) stage before the end of the year. The final investment decision, submission of the Plan for Development and Operation (PDO), and the timeline for production start will be determined in subsequent phases.

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