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Equinor buys Barra’s Carcara stake for $370 million

equinor

Norway’s Equinor will buy Barra Energia’s ten percent interest in the BM-S-8 license in Santos basin, offshore Brazil.

Equinor on Wednesday said the acquisition would enable “Equinor and its partners to fully align interests across the two licenses for the Carcará area.”

In early June Equinor, ExxonMobil and Galp completed transactions in BM-S-8 to start aligning equity interests with those the three partners hold in the adjacent Carcará North block.

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