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 readLast updated: January 23, 2026
Published by Global Banking & Finance Review®
Posted on June 26, 2025
1 min readLast updated: January 23, 2026
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.
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)
Equinor and its partners will invest more than 21 billion Norwegian crowns, which is approximately $2.08 billion.
Production at the Fram South oil and gas field is scheduled to start at the end of 2029.
The partners involved in the investment are Vaar Energi and Inpex Idemitsu, alongside Equinor.
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