Equinor and partners fully align interests in the Carcará oil discovery in Brazil
June 19, 2019 09:02 CEST
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% |