Equinor has agreed to sell a 40.8125% interest and transfer operatorship of the Bressay heavy oil field to EnQuest for GBP 2.2 MM, payable as a carry against 50% of Equinorâs net share of costs, with a contingent consideration of USD 15 MM following OGA approval of the field devt plan. Upon completion EnQuest will have 40.8125%, Equinor 40.8125% and Chrysaor 18.375%. Bressay lies in P234 /blocks 3/27+28, 9/2+3) east of Shetland.
(East Shetland Platform) Equinor has agreed to sell a 40.8125% interest and transfer operatorship of the Bressay heavy oil field (in P234 /blocks 3/27+28, 9/2+3) to EnQuest for GBP 2.2 MM, payable as a carry against 50% of Equinorâs net share of costs, with a contingent consideration of USD 15 MM following OGA approval of the field devt plan. Upon completion EnQuest will have 40.8125%, Equinor 40.8125% and Chrysaor 18.375%. 