“We are pleased to have secured significant acreage and new exploration opportunities offshore Canada. The successful bids align with Equinor’s strategy of developing our position in prolific basins,” said Tim Dodson, Equinor’s executive vice president for exploration.
“These exploration investments provide Equinor an important opportunity to advance our position in a region where we have a well-established exploration portfolio while we continue to evaluate and mature our existing exploration assets in the Flemish Pass Basin,” said Dodson.
Equinor has been active in Canada since 1996, and operates the 2013 Bay du Nord discovery, located in the Flemish Pass Basin. Equinor also holds an extensive exploration and partner-operated development position offshore Newfoundland, with partnership interests in the producing Hibernia, Terra Nova and Hebron fields.
Thumbnail photo: Ole Jørgen Bratland
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/08112018/equinor-successful-bids-for-three-new-licences-offshore-newfoundland/