Fossil Energy – Field Swap
Equinor has exchanged stakes in several offshore discoveries with Wellesley Petroleum in a strategic move to accelerate development and boost future production on the Norwegian Continental Shelf.
The key transaction sees Equinor acquiring an additional 20% stake in the large Carmen gas condensate discovery from Wellesley, which remains operator with 30%.
In return, Wellesley has secured 5% interests from Equinor in the Afrodite and Atlantis wet gas finds. The assets are located in licenses PL1148 (Carmen), PL293 (Afrodite), and PL878 (Atlantis).
Wellesley indicated on its website that Carmen, Afrodite, and Atlantis are being considered for development as subsea tie-backs to the Kvitebjørn production facility.
Gnomoria and Swisher, located in the Troll-Fram region, are also expected to be tied into existing infrastructure. Swisher forms part of the planned Ringvei Vest cluster, while Gnomoria could connect to facilities in the same area.
