Equinor Completes Sale of 40% Stake in Brazilian Oil Field for $2.33 Billion

MT Newswires Live11-12

Equinor (EQNR) said Wednesday it has completed the sale of a 40% stake in the Peregrino oil field in Brazil to PRIO for $2.33 billion.

PRIO has now assumed full operatorship of the field.

Equinor said it has a pending transaction for the sale of another 20% stake in Peregrino and will remain as a non-operating partner in the project until that deal is completed.

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