Equinor, Partners Fully Align Interests in Carcará Oil Discovery in Brazil

Graphic for News Item: Equinor, Partners Fully Align Interests in Carcará Oil Discovery in Brazil

Equinor and Barra Energia have completed their transaction announced on July 4, 2018, whereby Equinor has acquired Barra’s 10% interest in the BM-S-8 block in Brazil’s Santos basin for a total consideration of $379 million.

Upon the completion of this transaction, Equinor, ExxonMobil and Galp have also completed the two further transactions previously announced on July 4 on terms equivalent to those for the Barra transaction.

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As a result, Equinor’s and its partners’ interests across the two licences for the Carcará area are fully aligned.

Source: www.worldoil.com

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