Wisting partners open impact-assessment consultation as FPSO concept advances toward late-2026 decision
Equinor and the Wisting licensees have submitted a proposed environmental-impact-assessment programme for a 16-week public consultation. The partnership has selected an FPSO-based development approach, while final concept selection is targeted for late 2026 and a possible final investment decision for late 2027. The project remains subject to further commercial and technical improvement, and a potential carbon-capture solution is still under assessment.
Confirmed development: Equinor and its partners submitted the proposed environmental-impact-assessment programme for the possible Wisting development to public consultation on 25 June 2026. The partners have selected an FPSO-based development approach, but the project remains at an early stage. They expect to decide on final concept selection and possible continuation toward the end of 2026, with FID planned for the end of 2027. Power from shore has been rejected because of cost and technical complexity; the current power basis is an energy-efficient gas-turbine solution, while potential CCS integration remains conditional on technology, regulation, cost and schedule.
Analyst interpretation: The consultation and FPSO selection narrow the development pathway but do not constitute FID, project sanction or a construction award. If the project advances, it could create substantial drilling, subsea, FPSO-module, equipment and operating opportunities. The source indicates that Norwegian suppliers will receive an exclusive opportunity to compete for module engineering, procurement and construction, while the hull would need to be built outside Norway. No supplier, shipyard or contractor has yet been selected in this announcement. The stated interests of Equinor Energy and Aker BP remain subject to government approval of pending transactions.