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Equinor completes sales of Norwegian Continental Shelf noncore discoveries

Dec 31, 2018 - SNL Energy Finance Daily

Equinor said Dec. 28 that it completed the sales, announced in October, of two noncore discoveries on the Norwegian Continental Shelf.

The company sold its 77.8% operated interest in the King Lear discovery to Aker BP ASA for $250 million.

In a separate deal, Equinor sold its nonoperated interests of 42.38% in Tommeliten Unit (PL044 TA) and 30% in PL044 to PGNiG Upstream Norway AS for $220 million.