Equinor divests Tommeliten discovery stake

Source: Equinor

Norwegian oil and gas giant Equinor has completed the sales of its non-core Tommeliten discovery on the Norwegian Continental Shelf (NCS) to Polish state-controlled oil and gas company, PGNiG. 

Through this transaction, announced in October 2018, Equinor divested its 42.38% interest in the Tommeliten Unit (PL 044 TA) and a 30% interest in PL 044 in the North Sea. The purchase price was $220 million. Both assets are operated by ConocoPhillips.

The Tommeliten Alpha is a gas/condensate discovery that was made in 1976. Net recoverable resources in Tommeliten Alpha are 52 million barrels of oil equivalent.

As reported earlier on Friday, Equinor also completed the sale of its 77.8% operated interest in the King Lear discovery offshore Norway to Aker BP. The price was $250 million.

In related news, PGNiG’s Norwegian subsidiary, PGNiG Upstream Norway, recently said it was one step closer to drilling its first exploration well in Norway as a license operator. The company is working to select a drilling location in the Shrek prospect within the PL838 license area. The well is planned for the second half of 2019.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Africa Oil & Power 2019

The Africa Oil & Power conference will bring together an elite class of ministers and senior-level government…

read more >

OWI LATAM 2019

Over the two-day conference, 25+ expert speakers will share exclusive insight on how to develop an integrity, production and P&A strategy…

read more >

Uganda International Oil and Gas Summit 2019

Uganda International Oil & Gas Summit will once again examine the industry’s developments…

read more >

Argentina Oil and Gas Expo 2019

The Argentine Oil and Gas Institute (IAPG) organizes the Argentina Oil & Gas Expo bringing together the most…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply