Norway’s Equinor has gained operatorship for the Wisting Field in the Barents Sea as part pf an agreement with partner OMV, according to a news release.
The change took effect Dec. 1.
The transfer of operatorship comes after the two companies signed an agreement in June. Equinor will serve as operator during the development phase, while OMV will assume the role during the operation phase, Equinor said in the release.
The Wisting discovery, located in production license 537, was made in 2013. It is estimated to hold about 440 million barrels of oil. Other licensees are Petoro and Idemitsu Petroleum Norge.
Houston-based WaterBridge Resources agreed in late February to acquire Centennial Resource Development’s Permian water assets in a $225 million transaction that was expected to close at the end of the first quarter.
The Alta Mesa transaction represents the sixth acquisition by partnerships between Tom Ward-led Mach Resources and private equity firm Bayou City Energy Management.
Diamond Offshore Drilling recently skipped making an interest payment and retained advisers to help it evaluate various alternatives “with respect to its capital structure,” according to an SEC filing on April 16.