Wisting operatorship to transfer to Equinor

Source: press release, 2 December 2019

Equinor in the Barents Sea (illustration: Equinor)
Equinor in the Barents Sea (illustration: Equinor)

Equinor and OMV have agreed on transferring the operatorship for the Wisting license and development phase in the Barents Sea as of 1 December.

“We are pleased to continue developing the Wisting field and will concentrate on finding the best development solution for the field development,” says Geir Tungesvik, senior vice president for project development in Equinor.

In June, the two companies signed a memorandum of understanding (MoU) to cooperate on the Wisting development in the Barents Sea. Now the parties have agreed on the final cooperation agreement.

This transfers the operatorship of Wisting in the development phase to Equinor. OMV will assume the role as operator for the operation phase. Equinor will lead the development project with OMV personnel seconded into the project organisation.

Wisting licensees are OMV (Norge) AS (25%), Equinor (35%), Petoro AS (20%) and Idemitsu Petroleum Norge AS (20%).

The transfer of operatorship is approved by Norwegian authorities.