ConocoPhillips Joins $412 Million Troll Subsea Project for 11 bcm Gas by 2028
COP•ConocoPhillips and partners will invest just over 4 billion NOK ($412 million) in the TWIN subsea development at the Troll gas field to add about 11 billion cubic meters of gas by 2028. This marks the third phase of Troll expansion boosting Norwegian Continental Shelf output.
1. Project Investment and Partners
ConocoPhillips and partners are investing just over 4 billion NOK ($412 million) in the TWIN subsea development of the Troll gas field, joining Equinor, Petoro, Shell and TotalEnergies. ConocoPhillips’s share of the capex reflects its position within Phase 3 of the Troll West reservoir expansion.
2. Expected Production Increase
The TWIN project, slated to start production by 2028, is expected to add roughly 11 billion cubic meters of gas output, extending plateau production from Troll A and supporting supply to European markets through Kollsnes.
3. Strategic Implications
This investment underscores ConocoPhillips’s focus on increasing output on the Norwegian Continental Shelf while facing aging assets and rising costs. The company aims to accelerate subsea project execution and deliver multiple developments annually through 2035 to sustain long-term growth.
