Equinor completes transactions with Faroe on NCS assets

Published by Nicholas Woodroof, Editor
Oilfield Technology, Wednesday, 01 May 2019 10:00

Equinor and Faroe Petroleum have completed the series of transactions that were previously announced in December 2018.

As a result of these transactions Equinor has strengthened its operated position in the Njord area and remains operator and majority equity holder in Alve, while reducing its exposure to non-core and partner-operated assets.

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/01052019/equinor-completes-transactions-with-faroe-on-ncs-assets/

Velesto secures PTTEP drilling contract for NAGA 5 in 2025-26 campaign

Tuesday 01 July 2025 11:00

Under the contract, Velesto will assign NAGA 5, one of its premium jack-up rigs, to drill a firm 15 wells with operations scheduled to commence in June 2025.

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