Fossil Energy – Shell
Equinor has agreed to sell to Shell 51% of its interest in the North Platte deep water development project in the US Gulf of Mexico.
Equinor will retain 49% interest in the project, and Shell will become the new operator of the field.
To reflect this change, Equinor and Shell have agreed to rename the North Platte development to the Sparta development.
Sparta straddles four blocks of the Garden Banks area, 275 kilometers (171 miles) off the coast of Louisiana in approximately 1,300 meters (4265 feet) of water depth.
Front-end engineering and design (FEED) has been matured for the project.
Equinor and Shell will now work closely to review the work that has been completed and to update the development plan.