On Wednesday, 26 June 2019, the partners in the Wisting licence (PL 537) unanimously approved DG1, and also endorsed Equinor’s takeover as development operator, and that OMV will become the operator for the operations phase.
Equinor and OMV have entered into an expanded collaboration and have signed a letter of intent for development of the Wisting discovery in the Barents Sea. Equinor will lead the project in the development and construction phase, while OMV will take over as operator in the operations phase, once the field has been developed.
Formal transfer of operatorship for Wisting is planned in the third quarter of this year and is contingent on approval by the Norwegian authorities.
The development concept is a manned floater with subsea infrastructure.
The Wisting discovery (PL 537) is located in the Barents Sea
Volumes are estimated at approx. 400 million barrels of recoverable oil
Licensees: Equinor (35%), OMV (Norge) AS (25%), Petoro AS (20%) and Idemitsu Petroleum Norge AS (20%)
Start-up of the Snorre Expansion Project
[10.12.2020] - Press release
Kristin Kragseth new CEO of Petoro
[30.10.2020] - Press release - third quarter 2020
Increased cash flow and high activity level
New Vice President Legal Affairs
Green light for Breidablikk
Kjell Morisbak Lund appointed as acting CEO
Grethe Moen resigns as Petoro CEO
[05.08.2020] - Press release - second quarter 2020
Substantial cash flow from Petoro in the first half of 2020 despite challenging 2nd quarter