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Yggdrasil Development Project

Sector: Power Generation (CCGT) • Location: Norway

Source: Oil & Gas Journal

Project
Under Construction

The Yggdrasil project is an offshore oil development located in the Alvheim-Frigg area of the North Sea. The project is progressing toward a 2027 startup, with power-from-shore commissioned in June and the Hugin B topside installed offshore in early July. The Hugin A topside sail away is scheduled for December 2026. The investment estimate has been updated to $12.5-13.0 billion pre-tax, up from ab

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The project “Yggdrasil Development Project” is an infrastructure initiative in the Power Generation (CCGT) sector, located in Norway. Taiyo aggregates data on it from Oil & Gas Journal.

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under construction

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Description

Description

The Yggdrasil project is an offshore oil development located in the Alvheim-Frigg area of the North Sea. The project is progressing toward a 2027 startup, with power-from-shore commissioned in June and the Hugin B topside installed offshore in early July. The Hugin A topside sail away is scheduled for December 2026. The investment estimate has been updated to $12.5-13.0 billion pre-tax, up from about $12.1 billion previously, reflecting additional investment in final onshore completion work to reduce execution risk and offshore work.

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