Equinor has agreed to acquire Sval Energi’s 11.8% stake in the Halten East Unit development in the Norwegian Sea, pending regulatory approvals.
The deal would raise Equinor’s ownership to 69.5%.
Halten East, in the Kristin-Åsgård area of the Norwegian Sea, comprises six gas discoveries (Gamma, Harepus, Flyndretind, Nona, Sigrid and Natalia) and three prospects, which will produce through established offshore infrastructure and processing capacity at the Åsgård B platform.
Three subsea templates will be installed in the south of the development area, tied in to a 49-km pipeline from Mikkel South to the Åsgard subsea compressor manifold station.
Two more subsea templates in the northern area will connect to a 22-km pipeline from Natalia to the subsea manifold station.
Estimated recoverable reserves are about 100 MMboe, with the 60% gas content set to be exported to Europe via Kårstø.
Under Phase 1 development, six wells are being drilled on five of the discoveries. Phase 2, planned for 2029, will include a sidetrack to one discovery and three optional wells for the prospects.
Gas and oil/condensate will head to Åsgard B for processing, with oil and condensate stored in Åsgard C for export by tankers. Produced gas will be exported through the Åsgard Transport gas pipeline to Kårstø, and from there to mainland Europe.
The Halten East Unit development secured approval in May 2022 with production set to start next year.
