Equinor: strengthens operations in Norwegian Sea

(CercleFinance.com) - Equinor announces the acquisition of Sval Energi's 11.
8% interest in the Halten East project, increasing its share to 69.5%. Located in the Norwegian Sea, this offshore project comprises six gas fields and three prospects, using Åsgard B's existing infrastructure.

Recoverable reserves are estimated at 100 million barrels of oil equivalent, of which 60% is gas destined for Europe via Kårstø.

It said that Halten East is an important project with high profitability and low emissions.


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