Press

Equinor Further Focuses NCS Portfolio


Equinor has signed an agreement with PGNiG to sell its non-operated interests in the Tommeliten discovery on the Norwegian Continental Shelf (NCS) for a total of USD 220 million.

Tommeliten Alpha is a gas/condensate discovery that was made in 1976. Through this transaction Equinor will divest its 42.38% interest in the Tommeliten Unit (PL 044 TA) and 30% interest in PL 044. Both are operated by ConocoPhillips. Net recoverable resources in Tommeliten Alpha are 52 million barrels of oil equivalent.

“Equinor is committed to transforming the Norwegian Continental Shelf for decades to come. Realising this ambition requires prioritisation. We are selling this asset, so we can direct our efforts towards priority projects and assets that create higher value for us,” says Jez Averty, senior vice president for operations in the southern North Sea.

This transaction follows Equinor's sale of its operated interest in the King Lear discovery to Aker BP on 15 October.

Closing is subject to approval by PGNiG's Supervisory Board and customary conditions, including partner and authority approval.


Visit source site

https://equinor.com/en/news/2018-10-18-tommeliten....

NCSNorwegian Continental ShelfOffshoreEquinorEquinor EnergyPGNiGAcquisitionDiscoveryTommeliten Alphagas

More items from oilvoice


Premier Oil Trading and Operations Update

Premier has provided a Trading and Operations Update for the period to 15 November 2018. Highlights ·     Year-to-date production of 78.4 kboepd, up from 76.2 kboepd in the first half; forecast full-year production at around 80 kboepd ·    Record Catcher Area production rates of over 70 kbo ...

OilVoice Press - OilVoice


Posted 22 hours agoPress > Premier OilTrading UpdateOperations Update +1

Cairn Energy PLC - North Sea Operational Update

UK Norway Update - discovery and farm out Cairn announces the following; An oil discovery on the 9/14a-17B well and associated side-track on the Agar-Plantain Prospect in the UK North Sea Farm out agreement for a 40% non-operated interest of the Chimera prospect in the UK North Sea Commitmen ...

OilVoice Press - OilVoice


Posted 22 hours agoPress > Cairn EnergyNorwayUnited Kingdom +7

Suncor Energy Declares Dividend and Amends Normal Course Issuer Bid

Suncor Energy's Board of Directors has approved a quarterly dividend of $0.36 per share on its common shares, payable December 24, 2018 to shareholders of record at the close of business on December 3, 2018. Suncor also announced today that the Toronto Stock Exchange (TSX) accepted a notice filed ...

OilVoice Press - OilVoice


Posted 1 day agoPress > DividendSuncor Energy

Tullow Oil plc November Trading Update

Tullow Oil plc (Tullow) issues the following Trading Update for the period 26 July to 15 November 2018. Tullow will be hosting a Capital Markets Day on 29 November 2018. Please see full details below. The Group will also publish a Trading Statement and Operational Update on 16 January 2019 and Ful ...

OilVoice Press - OilVoice


Posted 1 day agoPress > Tullow OilTrading UpdateTullow +2

The Wolfcamp Play Has Been Key to Permian Basin Oil and Natural Gas Production Growth

Source: U.S. Energy Information Administration, based on DrillingInfo Increased oil and natural gas development in the Wolfcamp play has helped drive overall crude oil and natural gas production growth in the Permian Basin during the past decade. Drilling and completion operations within the ...

OilVoice Press - OilVoice


Posted 1 day agoOpinion > EIAEnergy Information Administration EIAUnited States +9
All posts from oilvoice