Commercial Operations Full Power

DELAYED +2yr (Apr 2026): More recent official documentation from OKEA has pushed back the expected start-up of the Draugen–Njord power-from-shore (PfS) electrification. OKEA’s 2025 Annual Statement of Reserves (section 3.3.1 on Draugen) states that the Draugen–Njord electrification project, which provides PfS to both Draugen and Njord, now has an "expected start up for PfS on Draugen" in 2028. Earlier developer communications and our original projection assumed onshore facilities at Tensio’s Straum substation and full-power commercial operation around autumn 2026. Given the explicit shift in OKEA’s own schedule to 2028 for PfS start-up, it is no longer realistic to retain a 2026 commercial-operations-at-full-power date. Commercial operations are therefore adjusted to 2028 (year-level precision), aligned with the updated PfS start-up expectation. --- The Njord electrification project is planned to reach full commercial operation around September 2026, when the onshore power-from-shore facilities connected to Tensio’s transformer station at Straum in Åfjord municipality are put into operation to electrify the Equinor-operated Njord asset via Draugen. OKEA, responsible for the power infrastructure from shore to Draugen and the cable onward to Njord, and Equinor, responsible for modifications on Njord A, expect this to enable Njord A and the Njord Bravo FSO to run largely on electricity from shore, delivering annual CO2 emission cuts of about 120,000–130,000 tonnes from around 2027.