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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

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

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

What 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.
When 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.
Who 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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