Equinor takes over Grosbeak discovery

State-owned Equinor has acquired 40% of the licences containing the Grosbeak and Kallaasen discoveries offshore its native Norway via a swap deal with independent Wellesley Petroleum.

Wellesley on Monday confirmed that Equinor will assume operatorship of all three licences — PL090 JS, PL248 I and PL925.

In the swap deal, Wellesley will acquire a 10% participating interest in licence PL942, which contains the Orn discovery, and a 20% participating interest in licences PL878 and PL878 B, which host the Atlantis and Canon discoveries.

The Grosbeak discovery lies in the northern North Sea, 23 kilometres south of the Equinor-operated Gjoa field. It holds about 183 million barrels of oil equivalent.

The Orn discovery lies close to Aker BP's Skarv floating production storage and offloading vessel and holds estimated recoverable resources of between 8 million and 14 million cubic metres of gas.

Upstream has requested a comment from Equinor.

Read the latest issue of the OGV Energy magazine HERE.