Offshore Oil & Gas news

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Equinor is busy in the news today:

Equinor sells majority stake in Brazilian oil field for $3.5bn - Splash247

PRIO has been a partner in the Peregrino field since last year when it acquired Sinochem’s 40% interest

The Norwegian firm will be responsible for the operations of the field until closing of the transaction, after which PRIO will take over operatorship.

“Brazil will continue to be a core country for Equinor, as we focus on starting up the Bacalhau field and continue progressing the Raia gas project. With these two operated projects and our partnership in Roncador, our equity production in Brazil will be close to 200,000 barrels per day by 2030,” said Philippe Mathieu, EVP for international exploration and production at Equinor.