Equinor buys large British oil field with Ørsted connections

The large, untapped oil field Rosebank has been sold to a new owner. Norwegian oil major Equinor is taking over responsibility for operations from US-based Chevron.

Photo: Foto: Harald Petersen/Equinor

One of the largest untapped oil fields on the UK Shelf, the Rosebank field in West of Shetland, has seen to a new owner after Norwegian Equinor purchased Chevron's 40 percent share of the field.

This can be considered a sort of comeback for Equinor, which had otherwise sold off its stake in the field back in 2012 – before the oil-price collapse. The buyer was Austrian OMV, which paid between USD 2.6 - 3.1 billion for the Rosebank project and the Schiehallion field, which was also part of the deal at the time.

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