The commercial agreements amend the existing ACG production sharing agreement (PSA) framework, enabling the parties to progress the exploration, appraisal, development and production from the gas reservoirs of the ACG field. ACG non-associated gas resources are believed to be significant, with up to 4 Tcf (ca. 112 Bcm) in place.
Equinor, partners greenlight $1.3 billion investment for Johan Sverdrup Phase 3
Equinor and Aker BP are investing NOK 13 billion (~$1.29 billion USD) in the third phase of Johan...