Equinor to transfer Peon interest to Vår Energi in NCS deal
Key takeaways
- Equinor to transfer Peon interest to Vår Energi in NCS deal The Troll C installation in the North Sea.
- Under the agreement, Equinor will transfer 32.5% of its holding in the Peon discovery and operatorship to Vår Energi.
- The companies have also agreed on a development concept for Peon based on a tie-back solution to the Gjøa hub approximately 60km away.
Equinor to transfer Peon interest to Vår Energi in NCS deal The Troll C installation in the North Sea. Credit: Equinor. · Offshore Technology · Equinor. Salong Debbarma Tue, June 30, 2026 at 8:45 PM GMT+7 2 min read EQNR.OL Equinor and Vår Energi have agreed to exchange assets on the Norwegian Continental Shelf (NCS) in a deal intended to advance the Peon gas discovery towards development and strengthen Equinor's position in the Troll-Fram area.
Under the agreement, Equinor will transfer 32.5% of its holding in the Peon discovery and operatorship to Vår Energi.
In return, Equinor will receive interests in producing assets and development licences, including a 5% share in the Fram field and Vår Energi's stakes in the Grosbeak and Mulder discoveries and the Grønngylt prospect, which are part of the Ringvei Vest development.