Norwegian energy giant Equinor has inked an agreement to sell off its non-operated interests in the Tommeliten discovery to Polish state-owned oil and gas firm PGNiG for £167 million.
Tommeltein,in the Norwegian North Sea, is a gas field with an estimated 52million recoverable barrels of oil equivalent.
Through the deal, Equinor is selling off its stakes in the Tommeltein Alpha Unit and PL 044, both operated by ConocoPhillips.
Jez Averty, vice president for operations in the southern North Sea, said: “Equinor is committed to transforming the Norwegian Continental Shelf for decades to come.
“Realising this ambition requires prioritisation. We are selling this asset, so we can direct our efforts towards priority projects and assets that create higher value for us.”
The news comes after Equinor sold its interests in the King Lear discovery to Aker BP earlier this week.