Development plan for Kristin Sør handed over to the Government
Petoro, together with the licensees Equinor, Vår Energi and Total Energies, has decided to develop the Kristin Sør field. On June 30, the partners handed over the development plan to State Secretary Tony C. Tiller.
Kristin Sør is an oil and gas development in the Norwegian Sea. An investment decision has been made for the first phase. This includes Kristin Q and Lavrans. These are planned to be developed with subsea templates connected to the Kristin platform.
- This decision helps to provide significant value to society and the owners, says CEO of Petoro Kristin Kragseth. - The resources in our portfolio will be utilized in a good way, at the same time as we use existing infrastructure. This provides even better resource deployment and the highest possible value creation. Such developments will be a key part of the future on the Norwegian shelf, says Kragseth.
Kristin Sør has planned to start up in 2024.
Partners in the field:
Equinor Energy AS (operator)
Vår Energi AS
Total Energies E&P Norge AS
The value of the SDFI portfolio increased by NOK 540 billion