This research center focuses on enhancing the security of submarine infrastructure in the North and Baltic Seas by conducting experiments, testing, and developing innovative techniques.

The majority of these untapped resources are situated in tight reservoirs, characterized by low permeability, high pressure, and temperature challenges, requiring innovative technologies for extraction.

The Norwegian Petroleum Directorate (NPD) emphasized that despite technological challenges, there are significant untapped natural gas resources, approximately 860 billion standard cubic meters, in tight reservoirs with low permeability off the Norwegian coast.

The agreement encompasses well-testing operations for Equinor across the Barents, Norwegian, and North Sea regions.

The gas will be exported to the European market, contributing to the Gina Krog field's extended lifetime and increased profitability.

Anticipated recoverable reserves within the KEG Plan for Development and Operation (PDO) are estimated to reach approximately 40 million barrels of oil equivalents (mmboe).

The primary aim of the drilling was to establish the existence of petroleum in Triassic reservoir rocks, specifically the Red Layer, and to assess various aspects including cap rock, reservoir quality, and fluid properties.

The estimated project cost stands at $1.37 billion (EUR 1.3 billion), with construction scheduled to commence in Rotterdam by 2024.

The field has surpassed expectations with a higher initial production rate than previously anticipated, showcasing its potential as a pivotal contributor to the energy landscape.

The primary objective of the seismic campaign was to establish a high-resolution imaging of the CO2 storage complex, thus laying the foundation for effective monitoring of storage integrity.