Equinor
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The award is for Equinor's BM-C-33 development in Campos Basin. -
The Equinor-led BM-C-33 will utilize a gas processing FPSO in the Campos Basin field cluster.
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Shell and Equinor are progressing the project toward a final investment decision, which is expected later this year.
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The rigs will work in the Norwegian Sea and on the Johan Castberg field.
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Norwegian oil company gets $220 million for 28% of the license.
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Shell has decided to pull out of the Northern Endurance Partnership, one of Britain's largest carbon capture and storage projects.
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The contractor will execute the work scope jointly with Canadian subcontractor Hatch.
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The operator adds equity interests in five discoveries in the region.
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Wind projects sweep across the globe; offshore wind and green hydrogen dive into the North Sea; and the Sunshine State gets a bit brighter.
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The acquisition deepens Equinor’s holdings in one of is core regions and will add 15,000 BOE/D of new production.
