Equinor Gets 23 New Production Licenses on Norwegian Continental Shelf

Date : 01/14/2020 @ 2:52PM
Source : Dow Jones News
Stock : Equinor ASA (EQNR)
Quote : 13.39  0.44 (3.40%) @ 1:00AM
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Equinor Gets 23 New Production Licenses on Norwegian Continental Shelf

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By Dominic Chopping


Equinor ASA (EQNR.OS) said Tuesday that it has been awarded 23 new production licenses by Norway's Ministry of Petroleum and Energy, with 14 of the licenses being Equinor-operated and 9 partner-operated.

"The award enables us to mature new prospects and prove profitable resources that can be developed within the scope of our new climate roadmap for the Norwegian continental shelf," says Nick Ashton, Equinor's senior vice president for exploration in Norway and the U.K.

Equinor has been awarded 8 production licenses in the North Sea, 8 in the Norwegian Sea and 7 in the Barents Sea.


Write to Dominic Chopping at dominic.chopping@wsj.com


(END) Dow Jones Newswires

January 14, 2020 09:37 ET (14:37 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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