The Ministry of Petroleum and Energy has offered Equinor two operated production licences in the 25th licensing round in the Barents Sea.

“We are pleased with the award. A steady access to acreage contributes positively to the development of the Norwegian Continental Shelf. This award brings opportunities for exploring volumes near planned infrastructure. We prioritise exploring for resources that meet our requirements both for profitability and reduced carbon emissions,” says Jez Averty senior vice president for subsurface in Equinor.

Equinor has been offered production licences PL 1133 and PL 1134 in the Hoop area in the Barents Sea. The location will enable tie-in of any future discoveries to the Wisting field in the Barent Sea. The partners have scheduled the final investment decision for the Wisting licence by the end of 2022.

About Equinor

Equinor (OSE:EQNR, NYSE:EQNR), is an international energy company with a proud history. Formerly Statoil, we are 20,000 committed colleagues developing oil, gas, wind and solar energy in more than 30 countries worldwide. We’re the largest operator in Norway, among the world’s largest offshore operators, and a growing force in renewables. Driven by our Nordic urge to explore beyond the horizon, and our dedication to safety, equality and sustainability, we’re building a global business on our values and the energy needs of the future.