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November 2018
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Thursday, 08 November 2018 17:00

Equinor gets licences offshore Newfoundland

Equinor gets licences offshore Newfoundland

Equinor and its partners were the successful bidders for new exploration parcels in the prolific Jeanne d’Arc basin, offshore Newfoundland, Caspian Energy News (www.caspianenergy.net) reports with reference to the press statement of Equinor.

Equinor will operate two exploration parcels, NL18-CFB01-14 (Equinor Canada 70%, Husky Energy 30%) and NL18-CFB01-15 (Equinor Canada 60%, Suncor Energy 40%), totalling 412,644 hectares (4,126 square kilometres), and will participate in the Suncor Energy-operated parcel NL18-CFB02-01, totalling 142,500 hectares (1,425 square kilometres), (Suncor Energy 40%, Equinor Canada 30%, Husky Energy 30%).

 “We are pleased to have secured significant acreage and new exploration opportunities offshore Canada. The successful bids aligns with Equinor’s strategy of developing our position in prolific basins,” said Tim Dodson, Equinor’s executive vice president for exploration.

 “These exploration investments provide Equinor an important opportunity to advance our position in a region where we have a well-established exploration portfolio while we continue to evaluate and mature our existing exploration assets in the Flemish Pass Basin,” said Dodson.

Equinor has been active in Canada since 1996.

More details: https://www.equinor.com/en/news/2018-11-07-newfoundland.html

Person in charge of the newsline: Olga Nagiyeva 

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