The Bureau of Ocean Energy Management has approved Equinor and Shell’s transaction announced in May 2019, whereby Equinor exercised its preferential right to acquire 22.45% interest in the Caesar Tonga oilfield from Shell Offshore Inc for a total consideration of US$965 million in cash.
Equinor’s interest in the field is now 46%.?Anadarko Petroleum Corp. is the operator with a 33.75% interest, and Chevron holds 20.25% interest.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/19082019/equinor-and-shell-complete-acquisition-of-stake-in-caesar-tonga-field-in-the-us-gulf-of-mexico/
The company has been working with integrity class ROVs for many years, and recently conducted trials in Sweden with the ROV manufacturers to establish if more power can be delivered to the ROVs to improve their performance.