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Equinor submits Troll Phase 3 development plan

Reuters - UK Focus

(Fixes headline)

OSLO, July 3 (Reuters) - Equinor submitted on Tuesday a 7.8 billion Norwegian crowns ($954.46 million) plan to develop gas reserves in the western part of its Troll field, the largest natural gas source off Norway.

Reserves will be produced by using subsea installations tied-in to the Troll A platform about 25 kilometres (15.53 miles) north-west of the reserves.

Equinor holds a 30.58 percent stake in the Troll field, Petoro 56 percent, Shell (LSE: RDSB.L - news) 8.1 percent, Total (LSE: 524773.L - news) 3.69 percent and ConocoPhillips (NYSE: COP - news) 1.62 percent.

($1 = 8.1722 Norwegian crowns) (Reporting by Nerijus Adomaitis, editing by Gwladys Fouche)