Equinor, Aker BP to develop tight NCS reservoirs

Oil & Gas Journal ·

Equinor and Aker BP will collaborate on technology, standardization, and well stimulation to develop more tight-reservoir discoveries on the Norwegian Continental Shelf.

Equinor ASA and Aker BP ASA have entered into a strategic collaboration on tight reservoirs on the Norwegian Continental Shelf (NCS). Through technology development, standardization, and greater scale, the companies aim to enable development of more discoveries and increase oil and gas recovery.

The collaboration covers prospects, discoveries, and projects across the NCS, with the companies agreeing to contribute relevant opportunities from their respective portfolios and jointly identify where technology development, standardization, and exchange of experience can create the greatest value.

The collaboration also includes resource maturation and well stimulation solutions. The ambition is to establish a sufficient and predictable activity level to support a competitive value chain, with the expertise and supplier capacity required to develop more tight reservoir discoveries.

Read the full story at Oil & Gas Journal · All coverage of this story