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 USD 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.
BM-S-8 (after closing of transaction with Barra):
- Equinor 46.5% (operator)
- ExxonMobil 36.5%
- Galp 17%
BM-S-8 (after closing of transactions with ExxonMobil and Galp)
- Equinor 40% (operator)
- ExxonMobil: 40%
- Galp: 20%
Carcará North:
- Equinor 40% (operator)
- ExxonMobil: 40%
- Galp: 20%
About Equinor
Equinor, is an international energy company with a proud history. Formerly Statoil, we are 20,000 committed colleagues developing oil, gas, wind and solar energy in more than 30 countries worldwide. We’re the largest operator in Norway, among the world’s largest offshore operators, and a growing force in renewables. Driven by our Nordic urge to explore beyond the horizon, and our dedication to safety, equality and sustainability, we’re building a global business on our values and the energy needs of the future.