Equinor and OMV agreed on transferring the operatorship for the Wisting license and development phase in the Barents Sea.
In June, the two companies signed a memorandum of understanding (MoU) to cooperate on the Wisting development in the Barents Sea. On Dec. 1, the parties agreed on the final cooperation agreement (OGJ Online, June 26, 2019).
Equinor becomes development operator for Wisting field, a 2013 discovery on PL537. Volumes are estimated at 440 MMboe. Interests are Equinor, 35%; OMV (Norge) AS, 25%; and Petoro and Idemitsu Petroleum Norge AS, 20% each.
OMV will assume the role as operator for the operation phase. Equinor will lead the development project with OMV personnel seconded into the project organization.
The transfer of operatorship is approved by Norwegian authorities.