Shell Joins $412M Troll Subsea Expansion to Add 11 bcm by 2028
SHEL•Shell and partners commit just over 4 billion NOK ($412 million) to a Troll Phase 3 subsea development, aiming to ramp up Troll West reservoir output with the TWIN project. The initiative targets an additional 11 billion standard cubic meters of gas and plans first production by 2028.
1. Investment Overview
Shell and its co-venturers are investing just over 4 billion NOK, equating to $412 million, into the Troll Phase 3 subsea project known as TWIN. The spending is shared with Equinor, Petoro, TotalEnergies and ConocoPhillips to develop new infrastructure on the Norwegian Continental Shelf.
2. Production Targets
The TWIN project will tap into the Troll West reservoir, aiming to deliver around 11 billion standard cubic meters of gas. First gas production is scheduled for 2028 as the third step of Troll Phase 3, following a second phase launch later this year.
3. Strategic Context
This expansion underscores Shell’s strategy to bolster long-term gas supply from Norway to meet Europe’s needs and extend field life. Equinor’s cost-reduction targets aim to halve subsea project costs and execution times, with a goal of six to eight new developments annually by 2035.
