trending Market Intelligence /marketintelligence/en/news-insights/trending/ktr-gsvjhlanw4hra91tiq2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Equinor to sell 77.8% stake in King Lear discovery to Aker BP for $250M

Essential Energy Insights - September, 2020

Bull market leaves US utilities behind in August

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

Utilities, midstream reckon with energy transformation on the horizon


Equinor to sell 77.8% stake in King Lear discovery to Aker BP for $250M

Equinor said Oct. 15 it will sell its 77.8% operated stake in the King Lear discovery on the Norwegian Continental Shelf to Aker BP, or Det norske, for US$250 million.

King Lear is a gas and condensate discovery in blocks PL 146 and PL 333 in the Ekofisk area, south of the Ula field. Net recoverable resources are 77 million barrels of oil equivalent.

"Our goal is to develop King Lear as a satellite to Ula. This will improve the capacity utilization at the Ula facilities and provide significant additional volumes of injection gas to support increased oil recovery from the Ula field," Aker BP CEO Karl Johnny Hersvik said.

When including the increased oil recovery potential from Ula, Aker BP estimates a total resource addition of more than 100 MMboe.

Equinor said the sale is part of its goal to restructure its Norwegian portfolio and focus on projects that have higher returns.

The deal is subject to approval by various Norwegian authorities. Total E&P Norge AS owns the remaining 22.2% interest in King Lear.