COPENHAGEN, Nov 7 (Reuters) - Norway's Equinor (EQNR.OL) , opens new tab said on Thursday it has agreed to buy Sval Energi's 11.8% stake in the ongoing offshore development Halten East Unit in the Norwegian Sea, increasing the company's ownership to 69.5%.

The recoverable reserves in Halten East are estimated to be around 100 million barrels of oil equivalents, of which approximately 60% is gas that will be exported to Europe via Kaarstoe in south-western Norway.

Equinor is the operator of the Halten East Unit, in which Var Energi (VAR.OL) , opens new tab owns a 24.6% stake while Norwegian state-owned oil firm Petoro has 5.9%.

Sign up here.

https://www.reuters.com/markets/deals/equinor-agrees-buy-sval-energis-118-stake-halten-east-unit-2024-11-07/