Equinor Invests $390 Million to Expand Troll Gas Field in North Sea
Equinor and partners are investing over NOK 4 billion ($390 million) in the Troll field, targeting an additional 11 billion cubic meters of gas by 2028. This expansion, known as TWIN, will enhance Europe's energy security amid ongoing efforts to diversify gas supplies.
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Equinor and its partners are committing more than NOK 4 billion ($390 million) to the TWIN project at the Troll field, with production expected to commence in 2028. The initiative aims to unlock about 11 billion cubic meters of natural gas, contributing approximately 2% to 3% of annual European demand.
The TWIN development marks the third phase of Troll Phase 3, which focuses on maximizing output from the Troll West reservoir. The project will utilize existing infrastructure, reducing costs and development timelines.
As Europe seeks to secure long-term gas supplies, Norway remains a critical provider, with Troll supplying around 10% of the continent’s demand. The investment aligns with Equinor's strategy to halve costs and execution times for subsea projects, targeting six to eight developments annually by 2035.
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