Bauge is tied back to the recently upgraded Njord platform. Recoverable reserves in Bauge are estimated at 50 million barrels of oil equivalent, mainly oil.
During CERAWeek, Petrobras and Equinor have signed a letter of intent that expands the cooperation between the two companies to assess seven offshore wind power generation projects.
Equinor has signed an agreement to acquire equity interest in five discoveries in the Troll, Fram and Kvitebjørn area in the North Sea on the Norwegian continental shelf (NCS) from Wellesley Petroleum AS. Since 2019, Equinor has made seven discoveries in this area.
Equinor has entered into an agreement with Liwathon for the sale of the Equinor South Riding Point oil terminal at the Grand Bahama Island in the Bahamas.
Leading energy companies Equinor and SSE Renewables are carrying out early scoping work to explore options for developing a fourth phase, Dogger Bank D, of the world’s largest offshore wind farm.
The production from existing oil and gas fields will decline, and continued exploration and replenishment is essential to maintaining long-term, important energy deliveries from Norway.