Tag: Equinor

DNV GL will ensure that new infrastructure to be built for Equinor’s Bay du Nord oil field project is compliant to local and global safety requirements.

Petrobras celebrated a Memorandum of Understanding (MOU) with Equinor ASA. Equinor, a company based in Oslo (Norway), focused on the joint development of businesses related to the value chain of natural gas produced from the partnership projects.

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 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 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.

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.

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.

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.

The Ministry of Petroleum and Energy has approved the plan for development and operation (PDO) of the Troll Phase 3 development.

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.