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  • Equinor sells assets in Ekofisk Area and share in Martin Linge
    édité le 10/05/2022 - Plus de news de "Equinor" - Voir la fiche entreprise de "Equinor"


Equinor sells assets in Ekofisk Area and share in Martin Linge
Equinor and Sval Energi have entered into an agreement for the sale of Equinor’s non-operated share in the Greater Ekofisk Area and a minority share in Martin Linge (19%).

The agreement includes 7.604% of Ekofisk area licenses PL018, PL018B and PL275 (including the Ekofisk, Eldfisk and Embla fields, and 6.63922% in the Tor Unit).

With this agreement, Equinor will no longer have any ownership interests in the Greater Ekofisk Area but will retain a 51% ownership share in Martin Linge and continue as the operator of the field.

The deal also includes the sale of Equinor’s interest in Norpipe Oil AS (18.5%), part of the infrastructure transporting oil from the Greater Ekofisk Area to land.

The agreement includes a cash consideration of USD 1 billion and a contingent payment structure linked to realised oil and gas prices for both assets for 2022 and 2023.

Rune Nedregaard Senior vice president Exploration Production South Norway says:

"With this transaction we are optimizing our oil and gas portfolio in line with Equinor’s strategy, capturing value from several of our assets.
Ekofisk has played an important role in Norway and Equinor’s oil and gas journey as the first producing field on the Norwegian Continental Shelf. The Greater Ekofisk Area is an area where Equinor has limited participation, and we have therefore decided to sell our position in the area during a period of high prices and to redirect capital to other core areas for the business,”

The closing of the transaction is subject to customary government and license approvals and is expected to be completed during the second half 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.

About Sval Energi

Sval Energi is a privately owned Norwegian energy company. Backed by the leading energy investor HitecVision, Sval Energi is building a strong portfolio combining oil and gas resources with decarbonisation value chains. Sval Energi aims to be a major Norwegian player in the energy sector.


Origine : Communiqué Equinor

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