Tag: Equinor
JOG signs an agreement with Equinor
Jersey Oil & Gas (JOG), an independent upstream oil and gas company focused on the UK Continental Shelf (UKCS) region of the North Sea, announced that Equinor has elected not to exercise the three month option which was granted by the Company over a 50% equity interest in respect of Blocks 20/5a and 21/1a (the Buchan Blocks), which contain the Buchan oil field and the J2 oil discovery.
Equinor and Johan start production from the North Sea
Equinor and the Johan Sverdrup partnership consisting of Lundin Norway, Petoro, Aker BP and Total, started production from the giant field in the North Sea, and NOK 40 billion below the original estimates in the Plan for development and operation.
Equinor found gas in the Ørn exploration well
Equinor and its partners AkerBP and Wellesley Petroleum have found gas in the Ørn exploration well south-west of the Marulk field in the Norwegian Sea.
New light oil discovery in the Barents Sea
Equinor and partners OMV and Petoro have made an oil discovery in the Sputnik exploration well in the Barents Sea. Recoverable resources are preliminarily estimated at 20 65 million barrels of oil.
Equinor bought more from Norwegian suppliers in 2018
In 2018 Equinor purchased goods and services worth NOK 141.7 billion (EUR 15,55 billion; 1 Euro = approx 10 NOK) from more than 9000 suppliers globally. The company recently announced that 67% of total purchases, worth NOK 95.2 billion, went to suppliers with a Norwegian billing address.
Breaking even at USD 20 / barrel: the new age of...
In late August, Equinor and the Johan Sverdrup partnership of Lundin Norway, Petoro, Aker BP and Total, submitted their development plan for the second phase of the project to the Norwegian Ministry of Petroleum and Energy. With an increased resource estimate and lower investment costs, the full field development of Johan Sverdrup will contribute to even greater value creation.
Equinor receives approval for Troll phase 3 development
The Ministry of Petroleum and Energy has approved the plan for development and operation (PDO) of the Troll Phase 3 development.
New oil discovery in the Johan Castberg licence
Equinor and partners ENI and Petoro have completed the Skruis exploration well in the Johan Castberg licence. The well confirms a volume of 12-25 million recoverable barrels of oil.
Aker BP acquires Equinor’s King Lear discovery
Aker BP has entered into an agreement with Equinor Energy to acquire its 77.8% interest in the King Lear gas/condensate discovery in the Norwegian North Sea for a cash consideration of USD 250M.
Equinor’s oil discovery doubles at Norne oil reserves
Equinor has, together with partners ENI and Petoro, completed the appraisal well on the Cape Vulture discovery from 2017.
