EQNR Equinor ASA

By Dominic Chopping

Equinor ASA said Wednesday it has agreed to acquire a further equity interest in five discoveries in the northern North Sea from Wellesley Petroleum AS.

The deal sees Equinor take an additional 18.8% in the Grosbeak discovery, 45% in Toppand, 40% in Atlantis, and 20% in Rover Nord and Rover Sor.

"These discoveries can be put into production with low costs and low CO2 emissions by being connected to the suitable infrastructure in the area," said Kjetil Hove, Equinor's executive vice president for exploration and production Norway.

"Discoveries close to infrastructure are important for our ambition to maintain production at current levels from the Norwegian Continental Shelf beyond 2030."

The Norwegian energy major said it has started field developments projects to coordinate the development of these discoveries in collaboration with partners.

Financial terms weren't disclosed.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

March 01, 2023 05:53 ET (10:53 GMT)

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