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Equinor Invests Over $2 Billion in Fram Sør Subsea Project

Oil and Gas

Equinor Invests $2B+ in Fram Sør Subsea Project Expansion

Business Honor
27 June, 2025

Equinor invests $2 billion in the Fram Sør project that will produce low-emission oil and gas using electric subsea technology, improving Norway’s offshore energy future.

Equinor will invest more than $2 billion in Fram Sør, a new underwater oil and gas project in the North Sea, partnering with investors Vår Energi and INPEX Idemitsu Norge AS. Terje Aasland, Norway's Minister of Energy, received the Plan for Development and Operation (PDO).

Fram Sør is about 120 miles northwest of Bergen and 20 km north of the Troll C platform. Production will begin by the end of 2029 and is expected to produce 116 million gallons of oil equivalent, in which 75% will be oil and 25% will be gas. 4 by 4 subsea templates attached to the Fram and Troll C structures will be used for development. There will be space for an additional four wells when the first twelve are completed. Oil will be transported to Mongstad by the Troll Oil Pipeline II, and gas will be transported to Kollsnes by Troll A.

Fram Sør will be the first undersea Christmas tree project on the Norwegian Continental Shelf to use just electricity. It reduces the negative environmental effects and improves reliability by doing away with a need for hydraulic fluid and expanding subsea equipment management. Project's expected CO₂ intensity is only 0.5 kg per barrel of oil equivalent; that's far less than the global average of 16 kg and the Norwegian average of 8 kg. This shows Equinor's dedication to generating energy with less emission.

It is expected that Fram Sør will generate nearly $1.77 billion in contracts to the Norwegian supply chain. In 2025, contracts for rig services, rock installation, cables for fiber optics, and pipes will be handed out. In addition to strengthening Norway's offshore assets, Fram Sør suggests that subsea energy systems are likely to grow more electrically powered and efficient in the future.