Equinor wraps up $2B Roncador field share buy from Petrobras

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Norway’s Equinor has completed the acquisition of a 25 percent non-operated interest in the Roncador oil field in Brazil’s Campos Basin from Brazil’s Petrobras.

Equinor said: “Reflecting equity volumes produced since the effective date of 1 January 2018 and the deposit paid upon the signing of the transaction, Equinor has paid Petrobras an adjusted cash consideration of USD 2.0 billion. There remain additional contingent payments of up to USD 550 million related to investments in projects to increase the recovery from the field”

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