KUFPEC, Equinor to develop Eirin natural gas field in Norway

KUFPEC, Equinor to develop Eirin natural gas field in Norway

KUWAIT: The Norwegian Ministry of Petroleum and Energy (MPE) has awarded Kuwait Foreign Petroleum Exploration Company (KUFPEC) a new exploration license via its Norwegian subsidiary KUFPEC Norway AS to develop Eirin fields in Norway. A statement by KUFPEC said that the license is in cooperation with an international energy company (Equinor) to develop the Eirin field, which was discovered in 1978, as a subsea facility tied to the Gina Krog platform in the North Sea.

Recoverable reserves in the field are estimated at 27.6 million barrels of oil equivalent, most of which is gas, the statement added. Eirin Field is a subsea facility tied to the Gina Krog platform in the North Sea, and with partial electrification of Sleipner, production from Eirin will have low emissions, the statement said. KUFPEC CEO Mohammad Salem Al-Haimer stated that working on this project aims at developing KUFPEC’s status in the fields of development and operation and maintaining its status in the market to enhance its capital returns.

Extending Gina Krog’s productive life also gives the opportunity to mature additional new reserves in the area with good profitability and low CO2 emissions from production, he added. Condensate from the Eirin gas will be exported to Sleipner