Equinor and OMV have agreed on transferring the operatorship for the Wisting license and development phase in the Barents Sea.
In June 2019, the two companies signed a memorandum of understanding (MoU) to cooperate on the Wisting development in the Barents Sea. In December 2019, the parties agreed on the final cooperation agreement.
This transfers the operatorship of Wisting in the development phase to Equinor. OMV will assume the role as operator for the operation phase. Equinor will lead the development project with OMV personnel seconded into the project organisation.
The transfer of operatorship has been approved by Norwegian authorities.
Read the article online at: https://www.oilfieldtechnology.com/special-reports/17122019/transfer-of-wisting-operatorship-to-equinor/