OMV and Equinor to Collaborate on Norwegian Discoveries
June 26 2019 - 5:50AM
Dow Jones News
By Nathan Allen
OMV AG (OMV.VI) said Wednesday that it has signed preliminary
agreements with Equinor ASA (EQNR.OS) for the joint development of
two discoveries on Norway's Continental Shelf.
According to the first agreement, Equinor will operate the
Wisting discovery during the project's development stage, with OMV
assuming the operatorship once production starts.
Under the second agreement, the two companies agreed to
cooperate on how best to develop and connect the Hades/Iris
discovery to existing nearby infrastructure.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
June 26, 2019 05:35 ET (09:35 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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