Equinor has sent to Norway's Ministry of Petroleum and Energy a plan for development and operation (PDO) related to the Eirin project. The oil and gas field in the North Sea is calculated to hold 27.6 million barrels of recoverable reserves, mostly of it being natural gas.
According to the PDO, Eirin will be developed as a subsea tieback to the Gina Krog platform, which is also operated by Equinor.
Total investment for the completion of the project is estimated at approximately US$371.4m.
Equinor's operating stake in the field is of 78.2%, while the remaining 21.8% are owned by KUFPEC Norway.
For more information, please visit EICDatEiraStream.