CAPTION: An graphic illustration of Chevron's plans for the Rosebank development, north west of Shetland.
Norwegian energy giant Equinor has struck a deal to return to one of UK North Sea’s biggest undeveloped fields after a five-year absence.
Equinor said yesterday that it would acquire US major Chevron’s 40% working interest in the Rosebank project, which targets 300 million barrels of oil.
Equinor previously held a 30% non-operated interest in Rosebank, but sold it to Austrian firm OMV in 2013.
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Equinor strikes deal to return North Sea after five year exile
