Snorre Project
| Contract area (block) | Project status | Venture company (established) | Interest owned (*Operator) |
|---|---|---|---|
| PL057 | In production (Snorre) | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL089 | In production (Snorre, Tordis, Vigdis) | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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Central Hub for Business in Europe
We operate multiple projects through INPEX Idemitsu Norge AS (IIN), a wholly owned local subsidiary of INPEX Norway. IIN owns interests in numerous oil and natural gas production and exploration blocks in the northern North Sea, northern Norwegian Sea and Barents Sea. The largest operation among these is the Snorre Oil Field, which commenced production in 1992. Production is underway at eight other oil fields including the Fram Oil Field, Vega Gas/Condensate Field and Duva Oil and Gas Field. A large portion of the crude oil and natural gas produced is sold to the European market, making INPEX a key player in the supply of energy to Europe.
The World's First Floating Wind Farm Starts Power Supply to Oil and Gas Installations in Production
In May 2023, the Snorre Project began taking power from the Hywind Tampen floating wind farm nearby. To reduce CO2 emissions associated with production operations, the floating wind farm was built in collaboration with the Gullfaks Oil Field project located nearby, and it supplies approximately 35 percent of the electricity required for the production operations of both projects. This is the world's first floating wind farm to power oil and gas installations in production.
The Hywind Tampen floating wind farm is one of the largest of its kind in the world and consists of 11 wind turbines with a combined power generation capacity of 88 megawatts. It began supplying electricity to the Gullfaks Oil Field project in November 2022. The supply of offshore wind power to the Gullfaks and Snorre projects is expected to reduce approximately 200,000 tons of CO2 emissions per year by replacing a portion of the electricity needed for production at the projects, which had previously been powered solely by offshore gas turbines.
Aiming to Develop Multiple Discovered and Undeveloped Oil and Gas Fields
INPEX participated in Norway's Awards in Predefined Areas (APA) 2024 licensing round through IIN and was awarded eight production licenses in blocks located in the northern North Sea, southern Norwegian Sea and northern Norwegian Sea. IIN is involved in stable production operations at the existing Fram and Snorre oil fields while actively promoting exploration activities. The eight licenses most recently offered will contribute to the further expansion of INPEX's Norwegian business portfolio considering the future potential of developing these assets in conjunction with existing assets in the surrounding area. We will continue to evaluate the development of multiple discovered but undeveloped oil and gas fields and aim for the stable supply of energy in this region.
INPEX's Endeavors in Leading CCS Countries
Oil and gas development is a key business in Norway, which is also committed to driving initiatives in renewable energy development including offshore wind farms and low carbonization and decarbonization initiatives including CCS projects, which separate CO2 and inject and store it underground. Going forward, INPEX will pursue opportunities to participate in decarbonization projects in this region and promote cleaner business. In December 2024, through IIN, INPEX reached an agreement with Sval Energi AS (Sval) to acquire Sval's equity in the Trudvang CCS Project. Joining the project marks INPEX's first foray into the CCS business in Europe.
Other projects
| Contract area (block) | Project status | Venture company (established) | Interest owned (*Operator) |
|---|---|---|---|
| PL090,PL090E | In production (Fram) | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL090B | In production (Byrding) | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL090G | In production (Fram H-Nord) | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL090C | In production (Vega) | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL636,PL636B,PL636C,PL636D | In production (Duva), under exploration | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL537,PL537B | Development scenario studies ongoing (Wisting) | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL882 | Under development study (Dugong), under exploration | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL090I | Under development study (Blasto), under exploration | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL090JS | Under development study (Grosbeak) | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL293B,PL293CS | Under development study (Kveikje, etc.), under exploration | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL318,PL318B,PL318C,PL318D | Under development study (Peon) | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL609,PL609B,PL609D | Under development study (Alta, Neiden) | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL090HS | Under exploration | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL1133 | Under exploration | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL1153 | Under exploration | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL1170 | Under exploration | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL1016 | Under exploration | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL1129 | Under exploration | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL1179 | Under exploration | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL1194,PL1194B,PL1194C | Under exploration | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL1217 | Under exploration | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL1219 | Under exploration | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL1233 | Under exploration | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL1231 | Under exploration | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL1263 | Under exploration | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL1264 | Under exploration | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL1257 | Under exploration | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL1274 | Under exploration | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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| PL1276 | Under exploration | INPEX Idemitsu Norge AS (Sep. 25, 1989) |
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