Equinor to develop North Sea field Troll for billions

The Norwegian oil major and its partners in the Troll field in the North Sea will invest billions to extend the field's lifespan beyond 2050. Equinor also signs contracts with three suppliers.

Photo: Øyvind Hagen/Equinor

Equinor, formerly Statoil, and its partners in the Troll field in the North Sea on Tuesday submitted further development plans to Norway's Ministry of Petroleum and Energy.

The partners will invest an estimated NOK 7.8 billion (USD 958 million) to extend the productive life of the Troll field beyond 2050, informs Equinor in a press release.

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