Equinor Acquires 40% Stake In Rosebank Project In North Sea

Equinor has signed an agreement to acquire Chevron’s 40% operated interest in the Rosebank project on the U.K. Continental Shelf, according to a news release.

The commercial terms of the agreement, which is subject to customary conditions that include partner and authority approval, were not disclosed.

Discovered in 2014, the Rosebank Field is located about 130 km (81 miles) northwest of the Shetland Islands in water depths of about 1,110 m (3,642 ft).