Equinor has agreed to acquire an 11.8% stake in the Halten East Unit from Sval Energi, enhancing its ownership to 69.5% in a strategic venture aimed at optimizing its portfolio in the Norwegian continental shelf.

Target Information

Equinor has finalized an agreement to acquire an 11.8% stake in the Halten East Unit from Sval Energi, increasing its ownership share to 69.5%. This acquisition, which was completed on December 19, 2024, followed the receipt of all necessary regulatory approvals.

The Halten East Unit is an ongoing offshore development situated in the Kristin-Åsgård region of the Norwegian Sea. The development consists of six gas discoveries and three additional prospects, leveraging existing infrastructure and processing capacity associated with the Åsgard B facility. Estimated recoverable reserves in the Halten East Unit are around 100 million barrels of oil equivalent, with approximately 60% of this being gas destined for export to Europe via the Kårstø terminal.

Industry Overview in Norway

Norway is well-known for its robust oil and gas sector, characterized by mature production and an extensive network of offshore infrastructure. The Norwegian continental shelf (NCS) remains one of the most attractive areas for investment due to its stable regu