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Equinor and partners fully align interests in the Carcará oil discovery in Brazil

Equinor and partners fully align interests in the Carcará oil discovery in Brazil

 

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)

BM-S-8 (after closing of transactions with ExxonMobil and Galp)

Carcará North

Equinor

46.5% (operator)

40% (operator)

40% (operator)

ExxonMobil

36.5%

40%

40%

Galp

17%

20%

20%

 

Source: Equinor

Published: 19-06-2019
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