Fram Sør delivers Plan for Development and Operation

INPEX Idemitsu Norge AS (“IIN”) and partners have delivered the Plan for Development and Operation (PDO) for the Fram Sør development in the Fram field in the northern North Sea.

“The Fram Sør development increases the production from the Fram field supporting the company’s growth strategy”, says Koji Ochiai, Managing Director of IIN.

Mr. Ochiai adds that the development continues the long-term value creation in the Fram area and reinforces IIN’s commitment to further developing the area. Production from Fram Sør will also contribute to the company’s net zero vision with very low emissions.

The Fram Sør project is a combined development of several discoveries that will export oil and gas via Troll C. Recoverable reserves are estimated at 116 million barrels of oil equivalent, 75 percent of which is oil and 25 percent is gas. Production is scheduled to start at the end of 2029. The CO₂ intensity for the Fram Sør development is estimated at about 0.5 kg of CO₂ per barrel of oil equivalent due to tie-in to Troll C being powered from shore.

IIN has been a key contributor in the exploration phase of the Blasto and the Echino Sør discoveries which forms the basis for the Fram Sør development.

Reference is made to the press release by operator Equinor for further details.

INPEX Idemitsu Norge (IIN) is part of INPEX Corporation, Japan’s leading energy enterprise. The company entered the Norwegian Continental Shelf in 1989 by acquiring a stake in the Snorre field. The IIN office is located at Lysaker and currently employs around eighty highly skilled and experienced professionals.

Fram Sør partners: INPEX Idemitsu Norge AS (“IIN”) (15 %), Equinor Energy AS (Operator; 45 %), and Vår Energi ASA (40 %).