Gulf Oil and Gas accountACCOUNT

Transfer of Wisting Operatorship to Equinor

Source: www.gulfoilandgas.com 12/2/2019, Location: Europe

Equinor and OMV have agreed on transferring the operatorship for the Wisting license and development phase in the Barents Sea as of 1 December.

"We are pleased to continue developing the Wisting field and will concentrate on finding the best development solution for the field development," says Geir Tungesvik, senior vice president for project development in Equinor.

In June, the two companies signed a memorandum of understanding (MoU) to cooperate on the Wisting development in the Barents Sea. Now the parties have 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 organization.

The transfer of operatorship is approved by Norwegian authorities.

Acquisitions and Divestitures News in Norway >>

South Africa >>  10/28/2020 - Impact Oil & Gas Limited, a privately-owned, African-focused, exploration company, is pleased to announce that its wholly-owned subsidiary, Impact Afr...
Brazil >>  10/27/2020 - Petrobras received yesterday binding proposals for the sale of its 51% stake in Gaspetro S.A. (Gaspetro) and the proposal of Compass Gás e Energia S.A...

Papua-New Guinea >>  10/27/2020 - Horizon Oil has agreed to sell all of the shares in its wholly owned subsidiary Horizon Oil (PNG Holdings) to Arran Energy Investments, resulting in t...
Nigeria >>  10/26/2020 - Canadian Overseas Petroleum Limited, an international oil and gas exploration and development company focused on sub-Sahara Africa, is pleased to ann...

United States >>  10/26/2020 - Mosman Oil and Gas Limited, the oil exploration, development, and production company, announces it has today executed contracts to acquire an addition...
Egypt >>  10/25/2020 - Dana Gas PJSC has entered into a binding agreement with IPR Wastani Petroleum Ltd, a member of the IPR Energy Group (“IPR”) for the sale of its onshor...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Norway Oil & Gas 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 | 31 | 32 | 33 | 34 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.