0001171843-21-000899.txt : 20210210 0001171843-21-000899.hdr.sgml : 20210210 20210210060508 ACCESSION NUMBER: 0001171843-21-000899 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210210 FILED AS OF DATE: 20210210 DATE AS OF CHANGE: 20210210 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EQUINOR ASA CENTRAL INDEX KEY: 0001140625 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15200 FILM NUMBER: 21609122 BUSINESS ADDRESS: STREET 1: FORUSBEEN 50 CITY: STAVANGER NORWAY STATE: Q8 ZIP: N 4035 BUSINESS PHONE: 47 51 99 00 00 MAIL ADDRESS: STREET 1: FORUSBEEN 50 CITY: STAVANGER STATE: Q8 ZIP: N 4035 FORMER COMPANY: FORMER CONFORMED NAME: STATOIL ASA DATE OF NAME CHANGE: 20091102 FORMER COMPANY: FORMER CONFORMED NAME: STATOILHYDRO ASA DATE OF NAME CHANGE: 20071005 FORMER COMPANY: FORMER CONFORMED NAME: STATOIL ASA DATE OF NAME CHANGE: 20010515 6-K 1 f6k_021021.htm FORM 6-K
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of February 2021

Commission File Number: 1-15200

Equinor ASA
(Translation of registrant's name into English)

FORUSBEEN 50, N-4035, STAVANGER
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ]      Form 40-F [   ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):        

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):        

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR. 


On February 10, 2021, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

(c) Exhibit 99.1. Press release dated February 10, 2021


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

      Equinor ASA    
  (Registrant)
   
  
Date: February 10, 2021     /s/ SVEIN SKEIE    
  Svein Skeie
  Chief Financial Officer
  
EX-99.1 2 exh_991.htm EXHIBIT 99.2 EdgarFiling

EXHIBIT 99.1

Equinor sells its US onshore assets in the Bakken

Equinor (OSE: EQNR, NYSE: EQNR) has agreed to divest its interests in the Bakken field in the US states of North Dakota and Montana to Grayson Mill Energy, backed by EnCap Investments, for a total consideration of around USD 900 million.

The transaction covers all of Equinor’s operated and non-operated acreage, totalling 242,000 net acres, and associated midstream assets in the Bakken. Entitlement production from these assets in 4Q 2020 was 48,000 barrels of oil equivalent per day (net of royalty interests). In parallel with this transaction, Equinor Marketing and Trading will enter into a term purchase agreement for crude offtake with Grayson Mill Energy.

“Equinor is optimising its oil and gas portfolio to strengthen profitability and make it more robust for the future. By divesting our Bakken position we are realising proceeds that can be deployed towards more competitive assets in our portfolio, enabling us to deliver increased value creation for our shareholders. Over the past few years, we have improved the safety, cost efficiency and CO2 intensity of the Bakken assets significantly and I am confident Grayson Mill Energy will continue on this path,” says Anders Opedal, president and chief executive officer of Equinor.

“We are taking action to improve the profitability of Equinor’s international oil and gas business. Today’s announcement on the exit of our Bakken assets is an important step in this process. We have worked closely with Grayson Mill Energy to preserve jobs and to ensure the transfer of expertise in the best possible way,” says Al Cook, executive vice president of Development & Production International at Equinor.

As part of the agreed transaction, all Equinor field employees and a significant number of the support teams working on the Bakken assets will have the opportunity to transfer to Grayson Mill Energy.

The effective date of the transaction is 1 January 2021. Closing is subject to the satisfaction of customary conditions, including authority approvals.

About Equinor in the US
Equinor holds unconventional oil and gas operated and non-operated positions in the Bakken (North Dakota) and Appalachian Basins (Ohio and Pennsylvania), and has a large portfolio of offshore assets in the US Gulf of Mexico. It is also pursuing the development of offshore wind projects on the east coast of the United States and is quickly becoming a leader partner in the country’s growing offshore wind industry. Equinor has approximately 750 employees across its US headquarters in Houston, TX, satellite offices in Stamford, CT, Washington, DC and field offices in North Dakota and Ohio.

Further information from:

Investor relations
Peter Hutton, senior vice president, Investor Relations
+44 7881 918 792 (mobile)

Helge Hove Haldorsen, vice president, Investor Relations
+1 281 224 0140 (mobile)

Press
Erik Haaland, international press spokesperson, Media Relations
+47 954 21 770 (mobile)

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act