Equinor is selling a 40% operated stake in the huge Bressay field east of Shetland to EnQuest in a deal worth £13m.
Equinor will look to develop its Rosebank and Bressay projects in the North Sea once production levels have been ramped up at the new Mariner field.
Statoil bosses have said there is still no timescale for developing the Bressay field east of Shetland.
Norwegian oil and gas giant Statoil has been touted as a potential bidder for troubled Xcite Energy’s Bentley field in the North Sea.
Xcite Energy is facing liquidation after bondholders rejected a debt for equity swap.
Norwegian energy giant Statoil has been flexing its muscles in the North Sea this month with a number of big announcements.
Norwegian operator Statoil and Shell have decided to put the concept selection process for the Bressay field on the UK Continental Shelf.
Statoil has re-awakened its UK sector Bressay heavy oilfield project and is keen to get both concept selection and investment decision nailed down next year.