Equinor divests shares in Lundin Energy

Published by Nicholas Woodroof, Editor
Oilfield Technology, Wednesday, 06 May 2020 11:00

Equinor ASA has divested its financial shareholding in Lundin Energy AB, comprising around 14 million shares and corresponding to its 4.88% of the shares and votes, at a total sale price of approximately SEK 3.3 billion.

After the divestment, Equinor ASA will no longer hold any shares in Lundin Energy AB.

“This transaction follows our divestment of a 16% shareholding in Lundin in July 2019 and concludes what has been a successful investment for Equinor. We have created significant value and increased our direct exposure in the Johan Sverdrup field. Although we are now no longer a shareholder in Lundin, we continue to consider the company a strong partner on the Norwegian Continental Shelf,” said Lars Christian Bacher, CFO of Equinor ASA.

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/06052020/equinor-divests-shares-in-lundin-energy/

US Department of the Interior releases assessment of undiscovered oil and gas resources in southwestern Wyoming

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