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Equinor pounces on Grosbeak discovery


Equinor pounces on Grosbeak discovery
Norwegian firm trades offshore acreage for operating role in the field
Private equity backed Wellesley Petroleum has agreed to an asset swap deal with operator Equinor on the Norwegian continental shelf, reducing its footprint in several licences in exchange for a greater stake in strategic offshore discoveries.
Equinor will acquire a 40pc operating stake in three licences: PL090 JS, PL248 I and PL925. The Grosbeak discovery straddles all three licences, and Wellesley is targeting first oil for 2025. The independent will also take a 10pc interest in Equinor’s PL942 licence and 20pc in the PL878 and PL878 B licences. ....

Wellesley Petroleum , வெல்லஸ்லி பெட்ரோலியம் ,

Wellesley to swap certain Norwegian assets with Equinor Energy

Wellesley to swap certain Norwegian assets with Equinor Energy
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North Sea , Oceans General , Chris Elliott , Wellesley Petroleum , Equinor Energy , Norwegian Continental , வடக்கு கடல் , கிறிஸ் எலியட் , வெல்லஸ்லி பெட்ரோலியம் , நோர்வே கண்டம் ,