Zapata Nordic discovers AlbuskjellThe first Norwegian operatives
Posted on by Kristin Øye Gjerde

Gas sale contract secured

person by the Norwegian Petroleum Museum
The first sales agreement for Ekofisk gas was signed in Oslo on 22 January 1972 with a buyer consortium headed by West Germany’s Ruhrgas. It had come out ahead in the negotiations through its willingness to meet the Phillips demands for price escalation.
— Emden gas terminal. Photo: Husmo Foto/Norwegian Petroleum Museum
© Norsk Oljemuseum

Laying a pipeline to continental Europe rather than the UK also offered a larger number of potential additional customers for the gas, which was advantageous when bargaining over prices.

Ruhrgas took 50 per cent of the gas, while its partners – Dutch Gasunie, Gaz de France and Belgium’s Distrigas – split the other 50 per cent between them. Deliveries were to start in 1975.

 

 

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Zapata Nordic discovers AlbuskjellThe first Norwegian operatives
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Published 24. May 2019   •   Updated 4. October 2019

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