Equinor to Buy Shell's Stake in Norwegian Sea Gas Field
14 Dicembre 2023 - 3:19PM
Dow Jones News
By Dominic Chopping
Equinor has agreed to acquire Shell's equity in and operatorship
of the Linnorm discovery in the Norwegian Sea, it said
Thursday.
The Norwegian energy major said the agreement sees it acquire a
30% interest in the production license covering the discovery,
bringing its share in the license to 50%.
The deal is expected to close during the first quarter of
2024.
"We know this area well, where we already have producing hubs
and still see attractive opportunities," says Kjetil Hove,
Equinor's executive vice president for exploration and production
Norway.
The Linnorm discovery in the Norwegian Sea was proven in 2005
and is the largest undeveloped gas discovery on the Norwegian
continental shelf, with an estimated 25-30 billion cubic meters of
recoverable gas resources, Equinor added.
The deal is conditional on the approval of the Norwegian
authorities.
Financial terms weren't disclosed.
Other partners in the license include Petoro with 30% and
TotalEnergies with 20%.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
December 14, 2023 09:04 ET (14:04 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Grafico Azioni Equinor ASA (NYSE:EQNR)
Storico
Da Apr 2024 a Mag 2024
Grafico Azioni Equinor ASA (NYSE:EQNR)
Storico
Da Mag 2023 a Mag 2024
