Equinor strengthens position in five North Sea discoveries
Offshore staff
STAVANGER, Norway — Equinor has agreed to acquire Wellesley Petroleum’s equity interest in five discoveries in the Norwegian North Sea.
All are in the Troll, Fram and Kvitebjørn area; in total, Equinor has made seven discoveries in this region since 2019.
The transaction will give the company an additional 18.8% in Grosbeak, 45% in Toppand, 40% in Atlantis, and 20% in Røver Nord and Røver Sør.
All can be developed at relatively low costs and with low CO2 emissions, Equinor claimed, via tie-ins to existing offshore infrastructure in the area. Infrastructure-led discoveries can help the company maintain production its fields in Norway at current levels beyond 2030, said Kjetil Hove, executive vice president for E&P Norway.
Equinor has started working on a coordinated development with its partners in the various licenses.
03.01.2023