Rosebank is one of the biggest undeveloped fields on the UK continental shelf, the company statement added. Equinor will join as operator, alongside partners Suncor Energy (40%) and Siccar Point Energy (20%).
“Today’s agreement allows us to buy back into an asset in which we previously had a participating interest, demonstrating our strategy of creating value through oil price cycles,” said Al Cook, Equinor’s executive vice-president for global strategy and business development. “The acquisition of Rosebank complements our portfolio of oil, gas and wind assets in this country, in line with our strategy as a broad energy company.”
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