BRIEF-Norway's Equinor secures more oil exploration acreage offshore Canada

Published 2018-11-07, 02:22 p/m
© Reuters.  BRIEF-Norway's Equinor secures more oil exploration acreage offshore Canada
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Nov 7 (Reuters) - Equinor Asa EQNR.OL :

* PLEASED TO HAVE SECURED SIGNIFICANT ACREAGE AND NEW EXPLORATION OPPORTUNITIES OFFSHORE CANADA

* EQUINOR WILL OPERATE TWO EXPLORATION PARCELS, NL18-CFB01-14 (EQUINOR CANADA 70%, HUSKY ENERGY 30%) AND NL18-CFB01-15 (EQUINOR CANADA 60%, SUNCOR ENERGY 40%)

* WILL PARTICIPATE IN SUNCOR ENERGY-OPERATED PARCEL NL18-CFB02-01, TOTALLING 142,500 HECTARES (1,425 SQUARE KILOMETRES), (SUNCOR ENERGY 40%, EQUINOR CANADA 30%, HUSKY ENERGY 30%)

* SUCCESSFUL BIDS ALIGNS WITH EQUINOR'S STRATEGY OF DEVELOPING OUR POSITION IN PROLIFIC BASINS

* IMPORTANT OPPORTUNITY TO ADVANCE OUR POSITION IN A REGION WHERE WE HAVE A WELL-ESTABLISHED EXPLORATION PORTFOLIO

* WE CONTINUE TO EVALUATE AND MATURE OUR EXISTING EXPLORATION ASSETS IN FLEMISH PASS BASIN

* EQUINOR HAS BEEN ACTIVE IN CANADA SINCE 1996, AND OPERATES 2013 BAY DU NORD DISCOVERY, LOCATED IN FLEMISH PASS BASIN

* ALSO HOLDS AN EXTENSIVE EXPLORATION AND PARTNER-OPERATED DEVELOPMENT POSITION OFFSHORE NEWFOUNDLAND, WITH PARTNERSHIP INTERESTS IN PRODUCING HIBERNIA, TERRA NOVA AND HEBRON FIELDS

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