Sval Energi AS has closed the previously announced Martin Linge and Greater Ekofisk Area transactions with Equinor and the acquisition of Suncor Energy Norge AS.
Courtesy ConocoPhillips
Greater Ekofisk Area
Offshore staff
STAVANGER, Norway — Sval Energi AS has strengthened its position on the Norwegian Continental Shelf by closing the previously announced Martin Linge and Greater Ekofisk Area transactions with Equinor and the acquisition of Suncor Energy Norge AS on Oct. 3.
The acquisitions from Equinor of holdings in the Martin Linge Unit and the Greater Ekofisk Area closed Sept. 30, with an effective date of Jan. 1, 2022. The transactions with Equinor include a 19% share in the Martin Linge Unit and Equinor’s full participating interest in the Greater Ekofisk Area.
The acquisition of Suncor Energy Norge AS closed Sept. 30, with an effective date of March 1, 2022. The acquisition of Suncor Energy Norge AS brings 30% additional ownership in the Sval operated Oda Field, 17.5% ownership in the Fenja Field and eight additional licenses. Also, 16 employees from Suncor have joined the Sval team.
The transactions add about 34,000 boe/d to Sval’s production.
10.04.2022
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Courtesy Øyvind Gravås and Even Kleppa - Woldcam / Equinor ASA
