Equinor completes sales of two non-core NCS assets

Source: press release, 28 December 2018

King Lear discovery in 2012 – ‘Maersk Gallant’ drilling rig in the North Sea
King Lear discovery in 2012 – ‘Maersk Gallant’ drilling rig in the North Sea (photo: Equinor/Ole Jørgen Bratland)

Equinor has completed the sales of two non-core discoveries on the Norwegian Continental Shelf (NCS) that were both announced in October 2018.

The first sale, of a 77.8% operated interest in the King Lear discovery to Aker BP, was for a total of USD 250 million.

The second, of non-operated interests of 42.38% in the Tommeliten Unit (PL044 TA) and 30% in PL044 to PGNiG, was for a total of USD 220 million.