
The Gina Krog platform in the North Sea (Source: Øyvind Torjusen / Equinor)
Norway’s Equinor is planning to develop the Eirin gas field as a subsea facility tied to the Gina Krog platform in the North Sea for a total investment cost of NOK 4 billion (US$0.37 billion).
The company has submitted a plan for development and operation to the Ministry of Petroleum and Energy and plans for a production start as early as 2025.
Eirin was proven in 1978 as part of the Gina Krog development but was put on hold until now. The gas field will now be developed as a subsea facility and tieback to Gina Krog through a production flowline and umbilical.

Gina Krog, also put on hold a number of times, came onstream in 2017 and is tied into offshore North Sea platform Sleipner A, using its processing capacity and pipelines to bring gas to market.
“The development will extend Gina Krog’s productive life from 2029 to 2036, and will be vital for the Sleipner area,” said Camilla Salthe, Equinor’s senior vice president for field life extension, in a Sept. 15 press release.
Volumes from Eirin will be first sent to Gina Krog before going elsewhere for further processing. Condensate from the Eirin gas will be exported to Sleipner A via a planned oil pipeline from Gina Krog to Sleipner A. Rich gas will be transported by pipeline to the Sleipner A facility for further processing. Sales gas will be exported from the Sleipner A facility via Gassled to market, while unstabilized condensate will be exported to the terminal at Kårstø.
With the electrification of Gina Krog and partial electrification of Sleipner, production from Eirin will have low emissions at 3 kilo of CO2/boe.
The license partners are Equinor (78.2%) and KUFPEC Norway (21.8%).
Recommended Reading
Report: Diamondback in Talks to Buy Double Eagle IV for ~$5B
2025-02-14 - Diamondback Energy is reportedly in talks to potentially buy fellow Permian producer Double Eagle IV. A deal could be valued at over $5 billion.
Diamondback Acquires Permian’s Double Eagle IV for $4.1B
2025-02-18 - Diamondback Energy has agreed to acquire EnCap Investments-backed Double Eagle IV for approximately 6.9 million shares of Diamondback and $3 billion in cash.
Uncoiled: Viper Energy Rides Investor, M&A Wave to New Heights in ‘24
2025-03-17 - With its units coming off an all-time high, Viper Energy made a $4.45 billion Permian acquisition. VNOM units are gaining favor among Wall Street investors. It took more than a decade and several economic downturns to get there.
Minerals M&A to Heat Up in ‘25 with $4B Diamondback Sale–KeyBanc
2025-01-21 - KeyBanc analysts expect an “imminent” Diamondback Energy dropdown to Viper Energy and at least a couple of $500 million deals by public mineral and royalty companies in 2025, with Sitio Royalties a likely acquirer.
After Big, Oily M&A Year, Upstream E&Ps, Majors May Chase Gas Deals
2025-01-29 - Upstream M&A hit a high of $105 billion in 2024 even as deal values declined in the fourth quarter with just $9.6 billion in announced transactions.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.