Equinor Expands Its Stake in Linnorm Discovery

Written by Paulo Nogueira

Published on 14/12/2023 at 08:54

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“Equinor Acquires Shell’s Operation at the Linnorm Discovery in the Norwegian Sea, with Recoverable Gas Resources and Producing Fields.”

Equinor will acquire Shell’s equity interest and operation at the Linnorm discovery in the Norwegian Sea. The company will acquire a 30% interest in PL 255, which encompasses the Linnorm discovery, subject to the acquisition of the operation from A/S Norske Shell. The closing of the deal is expected in the first quarter of 2024. The Linnorm discovery in the Norwegian Sea, confirmed in 2005, is the largest undeveloped gas discovery in the NCS. Linnorm contains approximately 25-30 billion cubic meters (bcm) of recoverable gas resources, making it richer in gas than the remaining reserves in each of the producing fields Aasta Hansteen, Martin Linge, and Gina Krog.

Equinor Assessment of the Link Between Linnorm and Operated Fields

The Norwegian energy company, Equinor, will continue to assess a link between Linnorm and the field operated by Equinor. Facilities Kristin or Åsgard B.

Partners and Recoverable Gas Resources

The partners in PL 255 are: A/S Norske Shell 30% (operator until the transaction is completed), Petoro 30%, Equinor Energy 20%, TotalEnergies EP Norge AS 20%.

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Comparison and Producing Fields

Quick Facts About the Linnorm Discovery

6406/9-1 Linnorm is a discovery in the central part of the Norwegian Sea, 50 km northwest of the Draugen field. The water depth is about 300m. The discovery was confirmed in 2005 and delineated in 2007.
The reservoir contains relatively dry gas with high CO2 content. It is a complex and challenging reservoir with high pressure and high temperature (HPHT).
The reservoir is in the Ile, Tofte, and Tilje formations of the Lower to Middle Jurassic and has variable quality.

Mergers and Acquisitions Industry News Production Discovery

Equinor Expands Its Stake in Linnorm Discovery

“Equinor Acquires Shell’s Operation at the Linnorm Discovery in the Norwegian Sea, with Recoverable Gas Resources and Producing Fields.”

Equinor Assessment of the Link Between Linnorm and Operated Fields

Partners and Recoverable Gas Resources

Comparison and Producing Fields

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Equinor Expands Its Stake in Linnorm Discovery

“Equinor Acquires Shell’s Operation at the Linnorm Discovery in the Norwegian Sea, with Recoverable Gas Resources and Producing Fields.”

Equinor Assessment of the Link Between Linnorm and Operated Fields

Partners and Recoverable Gas Resources

Comparison and Producing Fields

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China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

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Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

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