Equinor completes acquisition of interest in BM-S-8 block, Santos Basin

Published by Nicholas Woodroof, Editor
Oilfield Technology, Wednesday, 19 June 2019 10:30

Equinor and Barra Energia (Barra) have completed their transaction announced on 4 July 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 US$379 million.

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

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

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/19062019/equinor-completes-acquisition-of-interest-in-bm-s-8-block-santos-basin/

Global Risks Report 2025: top threats are conflict, environment and disinformation

Thursday 16 January 2025 10:03

20th edition of the Global Risks Report 2025 reveals an increasingly fractured global landscape.

You might also like