Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
Equinor and OKEA, together with the Njord and Draugen licence partners, took the investment decision to electrify the Njord A and Draugen platforms and submitted revised plans for development and operation to Norway’s Ministry of Petroleum and Energy, with the total project investment estimated at about NOK 7.3 billion, of which just over NOK 3 billion is the Njord licence share. The electrification project, which will connect the fields to the onshore grid at Tensio’s Straum transformer station and provide up to 80 MW of power, is expected to cut CO2 emissions by 330,000 tonnes per year, including over 130,000 tonnes annually from Njord from 2027.