Offshore staff
STAVANGER, Norway — Equinor has agreed to sell 19.5% interests in two production licenses in the Norwegian North Sea to PGNiG Upstream Norway.
Assuming government approval for the transactions for PL 048E (containing the Eirin Field development) and PL 1201, the partners’ interests in these licenses will be balanced with their shares in the Gina Krog Field.
Following approval for Eirin’s plan for development and operation this January, the field will be produced via a subsea tieback to the Gina Krog platform. The subsea template, under construction in Egersund, is due to be installed in the summer.
According to Camilla Salthe, Equinor's senior vice president for late-life fields, "Balanced partnerships will make it easier to coordinate decisions in the licenses to optimize production and enhance value creation from the area.
“Together with the electrification of the platform, the Eirin development will extend the lifetime of the Gina Krog Field, which supplies gas to Europe…”
PL 1201 was awarded earlier this year under Norway’s Awards in Predefined Areas (APA) process. Any future discoveries on the acreage could tie into Eirin's infrastructure.
06.04.2024
