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

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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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