Fossil energy – Norway
Wellesley Petroleum and Equinor have signed a Sale and Purchase Agreement covering several development assets on the Norwegian Continental Shelf.
Equinor will acquire a 40% participating interest in licences PL090 JS, PL248 I and PL925, containing the Grosbeak and Kallåsen discoveries. Additionally, Equinor will assume operatorship of all three licences.
Wellesley will acquire a 10% participating interest in licence PL942, containing the Ørn discovery and a 20% participating interest in licences PL878 and PL878 B, containing the Atlantis and Canon discoveries.