Upstream drilling news

Equinor has now transferred its participating interests in four Russian joint ventures to Rosneft and is released from all future commitments and obligations.

Equinor and Halten East partners Vår Energi, Spirit Energy and Petoro have decided to invest about NOK 9 billion in the development of the area neighbouring to the Åsgard field in the Norwegian Sea.

The new organic and biodegradable lubricant is a safe and efficient alternative to flammable or hazardous solvents and corrosion inhibitors used in umbilicals.

Equinor’s Gullfaks asset team will analyse the resulting 4D seismic images to optimise recovery and value from the field.

Low-cost tieback expected to add up to 75 000 bbl per day of oil production.

Neptune Energy Norge AS, operator of production licence 153, has concluded the drilling of appraisal wells 35/9-16 S and 35/9-16 A on oil and gas discovery 35/9-3 (Hamlet).

Commercial discovery made by the Athena exploration well, Block 12, in the A, B and C sands.

The licences contain two firm wells on the Oswig and Velocette prospects anticipated to drill in the summer 2022 and 2Q23 respectively. All the licences are operated by OMV which will retain a 40% working interest post-transaction.

The companies have signed a MoU for transfer of the Krafla operatorship from Equinor to Aker BP, making Aker BP the operator of all discoveries in the NOAKA area.

The companies have signed a legally binding sale and purchase agreement with Angola’s state-owned oil company for a total consideration of US$335.5 million.