The Ormen Lange partners have made a final investment decision for a subsea compression project on one of Norway's largest gas fields. Plan for development and operation was sent to the Ministry of Petroleum and Energy today, September 20th.

The project will increase production with an additional 30-50 billion cubic meters of natural gas, which increases Ormen Lange's total gas recovery rate from 75 to 85%. The gas will be fed into the Norwegian gas export system, ensuring a continued and reliable supply to Europe.

Two wet gas compressor systems will be installed on the seabed at a depth of 900 meters close the wellheads, increasing gas flow from the reservoir into the wells. The 120 km distance from shore to the installations sets a new world record for subsea compression power step-out. The project pushes technical boundaries and strengthens Norway's position as a global center for subsea development.

Ormen Lange is among the fields in Norway with the lowest carbon emissions. Offshore power consumption comes from hydropower and the gas is treated in a closed system at Nyhamna gas plant. "Ormen Lange Subsea Compression" will contribute large extra revenues to the Norwegian state. The total project cost is estimated at NOK 12.1 billion.

Ormen Lange Partnership: Shell (operator), Petoro, Equinor, INEOS and Vår Energi.

About Petoro

Petoro is a state-owned limited company which manages the SDFI in the Norwegian oil and gas sector. These holdings comprise a third of Norway’s oil and gas reserves and associated facilities.

About Royal Dutch Shell plc

Royal Dutch Shell plc (LSE: RDSA) is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects.

About Equinor

Equinor (OSE:EQNR, NYSE:EQNR), is an international energy company with a proud history. Formerly Statoil, we are 20,000 committed colleagues developing oil, gas, wind and solar energy in more than 30 countries worldwide. We’re the largest operator in Norway, among the world’s largest offshore operators, and a growing force in renewables. Driven by our Nordic urge to explore beyond the horizon, and our dedication to safety, equality and sustainability, we’re building a global business on our values and the energy needs of the future.

About INEOS

INEOS is a global manufacturer of petrochemicals, speciality chemicals and oil products. Comprising 36 individual businesses, we operate 194 facilities in 29 countries throughout the world. In recent years our scope of operations has diversified with the launch of INEOS Automotive and INEOS Hygienics, acquisition of iconic British brand Belstaff and an ever-expanding sports portfolio. A blend of opportunism, belief that we can add value and pursuit of our core values and passion for adventure.

About Vår Energi

Vår Energi, jointly owned by Eni (69.85%) and by HitecVision (30.15%), represents the next generation oil and gas operators on the Norwegian Continental Shelf (NCS).
We operate fields in the Barents Sea, the Norwegian Sea and the North Sea, and will continue to explore, develop and produce resources and reserves from our portfolio.