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“Equinor acquires Shell’s operation of the Linnorm discovery in the Norwegian Sea, with recoverable gas resources and producing fields.”
Shell's ownership and operating interest in the Linnorm discovery in the Norwegian Sea will be acquired by Equinor. The company will acquire a 30% interest in PL 255 covering the Linnorm discovery, subject to the acquisition of the operation from A/S Norske Shell. The deal is expected to close in the first quarter of 2024. The Linnorm discovery in the Norwegian Sea, proven in 2005, is the largest undeveloped gas discovery in the NCS. Linnorm has around 25-30 billion cubic meters (bcm) of recoverable gas resources, making it richer in gas than the remaining reserves in each of the producing Aasta Hansteen, Martin Linge and Gina Krog fields.
Equinor assessment of the link between Linnorm and operated fields
Norwegian energy company Equinor will continue to evaluate a link between Linnorm and the Equinor-operated field. Installations Kristin or Åsgard B.
Partners and Recoverable Gas Resources
The partners in PL 255 are: A/S Norske Shell 30% (operator until completion of the transaction), Petoro 30%, Equinor Energy 20%, TotalEnergies EP Norge AS 20%.
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Comparison and producing fields
Quick Facts About Linnorm's Discovery
- 6406/9-1 Linnorm is a discovery in the central Norwegian Sea, 50 km northwest of the Draugen field. A water depth is about 300m. The discovery was proven in 2005 and outlined in 2007.
- The reservoir contains relatively dry gas with a high CO2 content. It is a complex and challenging high-pressure, high-temperature (HPHT) reservoir.
- The reservoir is in the Early to Middle Jurassic Ile, Tofte and Tilje formations and is of variable quality.
Mergers and acquisitions Industry news Production Discovery
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