In June, OMV and Equinor signed two memoranda of understanding (MoUs) for collaboration on the Wisting development in the Norwegian Continental Shelf (NCS).
Equinor project development senior vice-president Geir Tungesvik said: “We are pleased to continue developing the Wisting field and will concentrate on finding the best development solution for the field development.”
Equinor noted that the transfer of operatorship has been approved by Norwegian authorities.
The Wisting discovery, which was made in 2013, has volumes that are estimated at 440 million barrels of oil (Mmboe). It was discovered in exploration well 7324/8-1.
In August, Equinor made a light oil discovery in the Sputnik exploration well in the Barents Sea, which was drilled in the PL855 licence, located approximately 30km north-east of the Wisting discovery.
In September 2017, OMV discovered oil at 7324/8-1 (Wisting) after drilling appraisal well 7324/8-3 located within PL537.
The company completed drilling and testing of the Wisting Central II horizontal well in the Wisting field in April 2016.