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

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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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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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He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

Libya built over 4,000 kilometers of underground pipelines to bring water from the Sahara to coastal cities in a project that the government itself called the Eighth Wonder of the World.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

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