Equinor Expands Its Stake in Linnorm Discovery

Written by Paulo Nogueira

Published on 14/12/2023 at 08:54

Seja o primeiro a reagir!

“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%.

ARTICLE CONTINUES BELOW

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

0 Comentários

Mais recente

Mais antigos Mais votado

Feedbacks

Visualizar todos comentários

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

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

São Paulo and the Atacama are at the same latitude: what separates a metropolis of 22 million people from a desert is a forest 3,000 km away.

USP technology was used by NASA in Artemis II.

Brazil loses a soccer player per week to the Arab market, and no one knows where the money goes.

The food that increased the most in price in Brazil in 2026 is neither meat nor coffee.

End of the intercom stuck to the wall? The smart video doorbell arrives in Brazilian homes with a 120° view, motion sensor, night vision, mobile alerts, and up to 3 months of battery life without recharging.

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

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

Petrobras buys 75% of Oranto and becomes the operator of block 3 in São Tomé and Príncipe, resuming its strategy in Africa to diversify its portfolio and replenish oil and gas reserves.

China inaugurates a new era by signing a $5.1 billion project to expand one of the largest gas fields on the planet, adding 10 billion m³ per year and reinforcing an energy mechanism that already moves 30 billion m³ annually towards its market.

While the world felt the pinch of rising oil prices, oil companies pocketed at least $23 billion extra from the crisis in Ormuz.

Oil plummets more than 10% and the market turns upside down after Iran opens Hormuz and eases fears about the main route in the Gulf.

Petrobras robots confirm the presence of hydrocarbons in the pre-salt of the Campos Basin at a depth of 2,984 meters, in a new exploratory well located 201 km off the coast of Rio de Janeiro.

São Paulo and the Atacama are at the same latitude: what separates a metropolis of 22 million people from a desert is a forest 3,000 km away.

USP technology was used by NASA in Artemis II.

Brazil loses a soccer player per week to the Arab market, and no one knows where the money goes.

The food that increased the most in price in Brazil in 2026 is neither meat nor coffee.

End of the intercom stuck to the wall? The smart video doorbell arrives in Brazilian homes with a 120° view, motion sensor, night vision, mobile alerts, and up to 3 months of battery life without recharging.