Equinor Submits Plan For $946.4 Million Oil-Platform Electrification Project

By Dominic Chopping

Equinor ASA said Friday that with partners Petoro, Royal Dutch Shell PLC, Total SE and ConocoPhillips it has submitted a plan for development and operation for the electrification of two platforms on the Troll oil field in the North Sea.

The plan will see the partial electrification of the Troll B platform and full electrification of Troll C, with the project expected to cost around 7.9 billion Norwegian kroner ($946.4 million). A total of NOK520 million in financial support has been pledged by the Norwegian NOx fund.

The electrification will cut CO2 emissions by almost 500,000 metric tons a year, 1% of the total emissions in Norway, while nitrogen oxide emissions from the field will be reduced by around 1,700 tons a year.

The power for both platforms will be met from shore, with the gas compressors on Troll C currently driven by gas turbines replaced by electric motors.

According to plan Troll B will be partially electrified in the first quarter of 2024, and Troll C will be fully electrified by the second quarter of 2026.

Write to Dominic Chopping at [e-mail]

(END) Dow Jones Newswires

April 23, 2021 08:57 ET (12:57 GMT)

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