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    Home > Headlines > Equinor and partners to invest $2.1 billion in Norway oil, gas field
    Headlines

    Equinor and partners to invest $2.1 billion in Norway oil, gas field

    Published by Global Banking & Finance Review®

    Posted on June 26, 2025

    1 min read

    Last updated: January 23, 2026

    Equinor and partners to invest $2.1 billion in Norway oil, gas field - Headlines news and analysis from Global Banking & Finance Review
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    Tags:oil and gasinvestment

    Quick Summary

    Equinor and partners are investing $2.1 billion in Norway's Fram South oil field, with production set to begin by 2029, marking a major development in the region's energy sector.

    Equinor and Partners Commit $2.1 Billion to Norway's Fram South Field

    STOCKHOLM (Reuters) -Operator Equinor and its partners Vaar Energi and Inpex Idemitsu will invest more than 21 billion Norwegian crowns ($2.08 billion) to develop Norway's Fram South oil and gas field, the companies said on Thursday.

    Production is scheduled to start at the end of 2029, Equinor said in a statement.

    ($1 = 10.0849 Norwegian crowns)

    (Reporting by Jagoda Darlak, editing by Terje Solsvik)

    Key Takeaways

    • •Equinor and partners invest $2.1 billion in Fram South.
    • •Development involves Vaar Energi and Inpex Idemitsu.
    • •Production to start by the end of 2029.
    • •Investment equals over 21 billion Norwegian crowns.
    • •Significant boost for Norway's oil and gas sector.

    Frequently Asked Questions about Equinor and partners to invest $2.1 billion in Norway oil, gas field

    1What is the total investment amount by Equinor and its partners?

    Equinor and its partners will invest more than 21 billion Norwegian crowns, which is approximately $2.08 billion.

    2When is production expected to start at the Fram South field?

    Production at the Fram South oil and gas field is scheduled to start at the end of 2029.

    3Who are the partners involved in this investment?

    The partners involved in the investment are Vaar Energi and Inpex Idemitsu, alongside Equinor.

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