Equinor Transfers Krafla Operatorship to Aker BP

The partners decide on a single operator for finds in the NOAKA area.

Krafla schematic.
Krafla schematic.

Equinor and Aker BP have signed a memorandum of understanding (MoU) for transfer of the Krafla operatorship from Equinor to Aker BP, making Aker BP the operator of all discoveries in the NOAKA area: Krafla, Fulla, and North of Alvheim.

Equinor and Aker BP are operators of one field development project each in the area and have agreed that one operator will be the best solution for further development.

The MoU states that the owners of the relevant licenses will apply to the ministry for change of operator. A transfer of operatorship will be carried out when the investment decision has been approved by the license partners and the plan for development and operation has been submitted to the authorities.

Equinor will still be a major license partner in the area and will retain its existing share of 50% in Krafla and 40% in the Fulla license. The companies will jointly submit the PDOs for NOA Fulla and Krafla as planned by the end of the year.