Equinor Wraps Up Carcará Deal in Brazil

Wednesday, June 19, 2019

Equinor and Barra Energia have completed their transaction announced in 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 $379 million.

Upon the completion of this transaction, Equinor, ExxonMobil and Galp have also completed the two further transactions previously announced on last 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.

Categories: Industry News South America

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