Equinor sells 2 Norwegian Continental Shelf assets
07 January, 2019
Norwegian multinational energy company Equinor has announced that it has completed the sale of two non-core discoveries on the Norwegian Continental Shelf (NCS) for a combined US$469m (£370m).
The first sale, of a 77.8% operated interest in the King Lear discovery to Aker BP, was for a total of US$250m (£196m).
The second deal will see it sell its non-operated interests in the Tommeliten Alpha discovery to PGNiG for a total of US$220m (£173m).
These recent sales follow the company’s announcement at the beginning of December 2018 that it had completed a number of transactions for undisclosed NCS assets with Faroe Petroleum.
In other Equinor business news the company has also announced that it has acquired a 50% interest in the Bałtyk I offshore wind farm in Poland.