Equinor sells 28% stake in Nor

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StickyRice
2023-04-03

Equinor sells 28% stake in North Sea license for initial $220M

Equinor $Equinor ASA(EQNR)$ said agreed to sell a 28% interest in its North Sea production license for the Statfjord oil and gas field to Okea ASA for an initial $220M, plus a contingent payment based on oil and gas prices over a three-year period.

The deal raises Okea's total production by 13K-15K boe/day in 2023 and by 16K-20K boe/day in 2024, lifting overall output next year to more than 40K boe/day.

Following the deal, Equinor (EQNR) will have a 54.7% working interest and remain the operator of the Statfjord field.

"We still have high expectations for Statfjord and by developing new ways of working we aim to extend the lifetime of the field towards 2040 and reduce emissions with 50% by 2030," said Camilla Salthe, senior VP for field life extension at Equinor's (EQNR) FLX unit.

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vippy
·2023-04-09
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Oil price is pretty much floored around $80 (Brent), with russian oil and gas mostly out of the picture, Equinor will reap handsome rewards in short to medium term horizon (next 3 to 5 years). With massive dividend, what's not to like?
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frosti
·2023-04-09
Interesting, the best quater in history of EQNR ahead of us and price is sinking...well, what can I do, I have to buy more.
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pixiezz
·2023-04-09
This is the only Oil&gas company this cheap and the reason is because their socialist Government is highly involved.
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bubblyx
·2023-04-09
That’s exactly what I was thinking. This is a buy the dip and hold forever kind of company bro
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nimbly
·2023-04-09
"Equinor makes Norway oil and gas discovery" That's a good sign right?
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GREEDisGOOD
·2023-04-03
thanks for sharing
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Aqa
·2023-04-03
Support! 👍🏻👍🏻
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Bonta
·2023-04-03
[Victory]
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The deal raises Okea's total production by 13K-15K boe/day in 2023 and by 16K-20K boe/day in 2024, lifting overall output next year to more than 40K boe/day. Following the deal, Equinor (EQNR) will have a 54.7% working interest and remain the operator of the Statfjord field. \"We still have high expectations for Statfjord and by developing new ways of working we aim to extend the lifetime of the field towards 2040 and reduce emissions with 50% by 2030,\" said Camilla Salthe, senior VP for field life extension at Equinor's (EQNR) FLX unit.","highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":8,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9941547589","repostId":0,"isVote":1,"tweetType":1,"viewCount":566,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["EQNR"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":708,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":106257035,"commentId":"106257035","gmtCreate":1681033157962,"gmtModify":1681033161539,"authorId":9000000000000339,"author":{"id":9000000000000339,"idStr":"9000000000000339","authorId":9000000000000339,"name":"vippy","avatar":"https://static.tigerbbs.com/c0126a7d8aadf37410e3ec43acf556ad","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9941547589,"objectIdStr":"9941547589","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Oil price is pretty much floored around $80 (Brent), with russian oil and gas mostly out of the picture, Equinor will reap handsome rewards in short to medium term horizon (next 3 to 5 years). With massive dividend, what's not to like?","text":"Oil price is pretty much floored around $80 (Brent), with russian oil and gas mostly out of the picture, Equinor will reap handsome rewards in short to medium term horizon (next 3 to 5 years). With massive dividend, what's not to like?","html":"Oil price is pretty much floored around $80 (Brent), with russian oil and gas mostly out of the picture, Equinor will reap handsome rewards in short to medium term horizon (next 3 to 5 years). With massive dividend, what's not to like?","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"hot","coins":0,"score":0,"disclaimerType":0},{"id":106257037,"commentId":"106257037","gmtCreate":1681033171247,"gmtModify":1681033174577,"authorId":3479274802455671,"author":{"id":3479274802455671,"idStr":"3479274802455671","authorId":3479274802455671,"name":"frosti","avatar":"https://static.tigerbbs.com/8d59e7c960eef6f97257cc799768d81e","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9941547589,"objectIdStr":"9941547589","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Interesting, the best quater in history of EQNR ahead of us and price is sinking...well, what can I do, I have to buy more.","text":"Interesting, the best quater in history of EQNR ahead of us and price is sinking...well, what can I do, I have to buy more.","html":"Interesting, the best quater in history of EQNR ahead of us and price is sinking...well, what can I do, I have to buy more.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0},{"id":106257029,"commentId":"106257029","gmtCreate":1681033117736,"gmtModify":1681035665108,"authorId":9000000000000341,"author":{"id":9000000000000341,"idStr":"9000000000000341","authorId":9000000000000341,"name":"pixiezz","avatar":"https://static.tigerbbs.com/a5d8c2eb1c079c85b43879eb951e8684","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9941547589,"objectIdStr":"9941547589","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"This is the only Oil&amp;gas company this cheap and the reason is because their socialist Government is highly involved.","text":"This is the only Oil&amp;gas company this cheap and the reason is because their socialist Government is highly involved.","html":"This is the only Oil&amp;gas company this cheap and the reason is because their socialist Government is highly involved.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0},{"id":106257028,"commentId":"106257028","gmtCreate":1681033104925,"gmtModify":1681033108455,"authorId":9000000000000343,"author":{"id":9000000000000343,"idStr":"9000000000000343","authorId":9000000000000343,"name":"bubblyx","avatar":"https://static.tigerbbs.com/c1c41413fd02f1b5e8685210b6b0bff0","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9941547589,"objectIdStr":"9941547589","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"That’s exactly what I was thinking. This is a buy the dip and hold forever kind of company bro","text":"That’s exactly what I was thinking. This is a buy the dip and hold forever kind of company bro","html":"That’s exactly what I was thinking. This is a buy the dip and hold forever kind of company bro","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0},{"id":106257031,"commentId":"106257031","gmtCreate":1681033130256,"gmtModify":1681033133477,"authorId":9000000000000342,"author":{"id":9000000000000342,"idStr":"9000000000000342","authorId":9000000000000342,"name":"nimbly","avatar":"https://static.tigerbbs.com/2a5f2c7d7652e6711ec37ca005bc8b25","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9941547589,"objectIdStr":"9941547589","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"\"Equinor makes Norway oil and gas discovery\" That's a good sign right?","text":"\"Equinor makes Norway oil and gas discovery\" That's a good sign right?","html":"\"Equinor makes Norway oil and gas discovery\" That's a good sign right?","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0},{"id":106196026,"commentId":"106196026","gmtCreate":1680495067310,"gmtModify":1680495070728,"authorId":4087710259603230,"author":{"id":4087710259603230,"idStr":"4087710259603230","authorId":4087710259603230,"name":"GREEDisGOOD","avatar":"https://static.tigerbbs.com/71627204ecf0601e76da79a41d05dbbc","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9941547589,"objectIdStr":"9941547589","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"thanks for sharing","text":"thanks for sharing","html":"thanks for sharing","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0},{"id":106195867,"commentId":"106195867","gmtCreate":1680493874513,"gmtModify":1680493877749,"authorId":4091884160412060,"author":{"id":4091884160412060,"idStr":"4091884160412060","authorId":4091884160412060,"name":"Aqa","avatar":"https://community-static.tradeup.com/news/4a899a6e247bc68815d3a2da3b82a81a","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":11,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9941547589,"objectIdStr":"9941547589","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Support! 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