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Equinor completes acquisition of the UK Rosebank project

Equinor and Chevron have completed their transaction announced in October 2018, whereby Equinor has acquired Chevron’s 40% operated interest in the Rosebank project in the West of Shetland region of the UK Continental Shelf.

Equinor completes acquisition of the UK Rosebank project Equinor completes acquisition of the UK Rosebank project

Oslo, January 11 - Neftegaz.RU.Equinor and Chevron have completed their transaction announced in October 2018, whereby Equinor has acquired Chevron’s 40% operated interest in the Rosebank project in the West of Shetland region of the UK Continental Shelf.

Equinor reported this on January 11, 2018,

 

Rosebank further strengthens Equinor’s UK upstream portfolio which includes the Mariner development, expected to start commercial production during the first half of 2019.

The Rosebank field was discovered in 2004 and lies about 130 km northwest of the Shetland Islands in water depths of approximately 1,110m.

The other partners in the field are Suncor Energy (40%) and Siccar Point Energy (20%).

Equinor’s UK portfolio also includes attractive exploration opportunities and three producing offshore wind farms. In addition, Equinor is the largest supplier of crude oil and of natural gas to the UK.

 

To read this news in Russian.

Source : Neftegaz.RU