Equinor sells part of Carcara field for $955M to Exxon and Galp


Norway’s Equinor has sold parts of its stake in an offshore block containing the giant Carcara oil field, offshore Brazil under the agreements signed in 2017.

Equinor sold a 36.5% interest in the BM-S-8 block to ExxonMobil and a 3% interest to Galp. In return, Equinor has received payments totaling around $955 million, with further payments of around USD 595 million contingent on future milestones. The block contains part of the 2-billion-barrel, pre-salt Carcara oil field.

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