Equinor Takes Wisting Operatorship

December 2, 2019

(Image: Equinor)
(Image: Equinor)

Norwegian energy firm Equinor said it will take over as operator for the development of the Wisting license in the Barents Sea as of December 1. Austrian partner OMV will later assume the operator role for the operation phase.

In June, the two companies signed a memorandum of understanding (MoU) to cooperate on the Wisting development in the Barents Sea. Now the parties have agreed on the final cooperation agreement, which has been approved by Norwegian authorities.

The Wisting discovery (PL 537) was made in 2013, and volumes are estimated at 440 million barrels of oil. 

Equinor and OMV hold 35% and 25% stakes respectively and partners Petoro and Idemitsu Petroleum each hold 20%.

Categories: Energy Arctic Europe


Current News

ABS Grants AIP for First Jones Act SOV

ABS Grants AIP for First Jones Act SOV

China to Launch State Pipeline Group

China to Launch State Pipeline Group

Wintershall Dea Drills 9km Well Offshore Norway

Wintershall Dea Drills 9km Well Offshore Norway

Saudi Aramco shares to start trading Dec. 11

Saudi Aramco shares to start trading Dec. 11

Rever Completes North Sea Decom Project

Rever Completes North Sea Decom Project

Prysmian Wins Equinor's Empire Wind Gig

Prysmian Wins Equinor's Empire Wind Gig

Sapura Energy Secures New Order

Sapura Energy Secures New Order

Magazine

Offshore Engineer (Sep/Oct 2019)

This issue of Offshore Engineer is dedicated to Big Data and Digitalization

Archive
Subscribe

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week